Standard Chartered PLC (STAN) Stock Rating Reaffirmed by Barclays PLC
Standard Chartered PLC (LON:STAN)‘s stock had its “underweight” rating reiterated by equities research analysts at Barclays PLC in a note issued to investors on Thursday.
Other research analysts also recently issued reports about the stock. Credit Suisse Group set a GBX 615 ($8.12) target price on shares of Standard Chartered PLC and gave the stock a “sell” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG lowered their price objective on shares of Standard Chartered PLC from GBX 674 ($8.89) to GBX 668 ($8.81) and set a “sell” rating on the stock in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) set a GBX 970 ($12.80) price objective on shares of Standard Chartered PLC and gave the company a “buy” rating in a research report on Thursday, August 3rd. HSBC Holdings plc lifted their target price on shares of Standard Chartered PLC from GBX 620 ($8.18) to GBX 630 ($8.31) and gave the company a “reduce” rating in a research note on Thursday. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 800 ($10.56) target price on shares of Standard Chartered PLC in a research note on Thursday. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 697.56 ($9.21).
Standard Chartered PLC (STAN) opened at GBX 723.43 ($9.55) on Thursday. Standard Chartered PLC has a 52 week low of GBX 609.60 ($8.04) and a 52 week high of GBX 860 ($11.35).
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In other news, insider Bill Winters sold 149,761 shares of the firm’s 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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