Standard Chartered PLC (STAN) PT Lowered to GBX 610 at Credit Suisse Group
Standard Chartered PLC (LON:STAN) had its price objective trimmed by Credit Suisse Group from GBX 620 ($8.18) to GBX 610 ($8.05) in a research note issued to investors on Friday morning, MarketBeat.com reports. The brokerage currently has an underperform rating on the financial services provider’s stock.
Several other research analysts have also recently issued reports on STAN. Goldman Sachs Group, Inc. (The) increased their price target on shares of Standard Chartered PLC from GBX 960 ($12.67) to GBX 970 ($12.80) and gave the stock a buy rating in a report on Tuesday, July 18th. BNP Paribas reissued a neutral rating and set a GBX 750 ($9.90) price target on shares of Standard Chartered PLC in a report on Wednesday, July 19th. Citigroup Inc. reissued a buy rating on shares of Standard Chartered PLC in a report on Friday, July 21st. Deutsche Bank AG increased their price target on shares of Standard Chartered PLC from GBX 642 ($8.47) to GBX 674 ($8.89) and gave the stock a sell rating in a report on Tuesday, July 25th. Finally, UBS AG set a GBX 750 ($9.90) price target on shares of Standard Chartered PLC and gave the stock a neutral rating in a report on Wednesday, August 2nd. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 697.56 ($9.21).
Shares of Standard Chartered PLC (LON:STAN) opened at GBX 716 ($9.45) on Friday. Standard Chartered PLC has a 1-year low of GBX 609.60 ($8.04) and a 1-year high of GBX 860 ($11.35).
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In other Standard Chartered PLC news, insider Bill Winters sold 149,761 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.57), for a total transaction of £1,085,767.25 ($1,432,788.66).
About Standard Chartered PLC
Standard Chartered PLC is an international banking company. The Banks’s segments include Corporate & Institutional Banking, Retail Banking, Commercial Banking and Private Banking. Its Corporate & Institutional Banking segment allows companies and financial institutions to operate and trade globally, and its Private Banking segment supports high net worth individuals with their banking needs across borders and offers access to global investment opportunities.
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