Standard Life Plc (SL) Price Target Cut to GBX 398 by Analysts at Jefferies Group LLC

Standard Life Plc (LON:SL) had its price objective dropped by investment analysts at Jefferies Group LLC from GBX 399 ($4.97) to GBX 398 ($4.96) in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 7.45% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Macquarie reiterated an “outperform” rating and set a GBX 460 ($5.73) target price on shares of Standard Life Plc in a research note on Monday, January 9th. Berenberg Bank increased their target price on shares of Standard Life Plc from GBX 377 ($4.70) to GBX 416 ($5.18) and gave the stock a “buy” rating in a research note on Friday, November 11th. Deutsche Bank AG downgraded shares of Standard Life Plc to a “hold” rating in a research note on Tuesday, December 13th. Goldman Sachs Group, Inc. (The) increased their target price on shares of Standard Life Plc from GBX 365 ($4.55) to GBX 370 ($4.61) and gave the stock a “neutral” rating in a research note on Tuesday, January 24th. Finally, Barclays PLC increased their target price on shares of Standard Life Plc from GBX 301 ($3.75) to GBX 330 ($4.11) and gave the stock an “underweight” rating in a research note on Monday, December 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Standard Life Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 384 ($4.78).

Analyst Recommendations for Standard Life Plc (LON:SL)

Standard Life Plc (LON:SL) opened at 369.6444 on Monday. Standard Life Plc has a 52 week low of GBX 248.20 and a 52 week high of GBX 380.60. The company has a 50 day moving average price of GBX 358.52 and a 200 day moving average price of GBX 348.52. The stock’s market cap is GBX 7.29 billion.

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In related news, insider Melanie Gee purchased 20,000 shares of the firm’s stock in a transaction on Thursday, December 22nd. The shares were bought at an average price of GBX 363 ($4.52) per share, for a total transaction of £72,600 ($90,433.48). Also, insider Colin Clark sold 81,589 shares of Standard Life Plc stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of GBX 355 ($4.42), for a total transaction of £289,640.95 ($360,788.43). In the last 90 days, insiders have purchased 20,087 shares of company stock worth $7,290,315.

Standard Life Plc Company Profile

Standard Life plc is a United Kingdom-based investment company. The Company operates through four segments: Standard Life Investments, UK and Europe, India and China, and Other. The Standard Life Investments segment provides a range of investment products for individuals and institutional customers through various investment vehicles.

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