Standard Life: RBC Capital Markets raises target.

(CercleFinance.com) - RBC Capital Markets has raised its target on Standard Life from 500 pence to 520 pence, after the insurance and asset management group merged with Aberdeen to form Standard Life Aberdeen.


The broker, which maintains its "outperform" recommendation on the stock, has increased its 2018 EPS estimate by 3%, while expecting cost synergies as from 2019-2020.

RBC said Standard Life also has a number of potential catalysts, including cost synergies, insurance asset disposals, and ongoing M&A in the asset management sector, which will form one of the largest asset management companies in the world.

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