Nicolaos Nicandrou Buys 18 Shares of Standard Life (LON:SDLF) Stock

Standard Life (LON:SDLF) insider Nicolaos Nicandrou bought 18 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was purchased at an average cost of GBX 642 per share, for a total transaction of £115.56.

Nicolaos Nicandrou also recently made the following trade(s):

• On Friday, June 5th, Nicolaos Nicandrou bought 19 shares of Standard Life stock. The shares were purchased at an average cost of GBX 578 per share, for a total transaction of £109.82.
• On Tuesday, May 5th, Nicolaos Nicandrou bought 28 shares of Standard Life stock. The stock was acquired at an average cost of GBX 558 per share, with a total value of £156.24.

Standard Life Stock Up 0.2%

Shares of SDLF stock traded up GBX 1.88 on Monday, reaching GBX 853.07. 1,629,929 shares of the company’s stock traded hands, compared to its average volume of 31,269,873. The company has a 50 day moving average of GBX 785.07. The company has a market capitalization of £8.55 billion and a P/E ratio of -18.11. Standard Life has a 12-month low of GBX 633.50 and a 12-month high of GBX 859.50.

Wall Street Analyst Weigh In

Several research firms have weighed in on SDLF. Citigroup upped their price objective on shares of Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research note on Friday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 870 price objective on shares of Standard Life in a report on Monday, May 18th. JPMorgan Chase & Co. raised their price target on Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. Finally, Berenberg Bank increased their price objective on Standard Life from GBX 918 to GBX 975 and gave the stock a “buy” rating in a report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 915.

About Standard Life

Standard Life is a long-established provider of retirement, savings and investment products, historically known for life assurance, pensions and asset management. Its offerings have included workplace and personal pension plans, individual savings accounts (ISAs), annuities and a range of investment funds and wealth-management services aimed at both individual and institutional clients. The firm has traditionally distributed products through financial advisers, workplace channels and direct platforms.

Founded in 1825 and historically headquartered in Edinburgh, Standard Life built a strong presence in the U.K.