Standard Chartered PLC’s (STAN) “Neutral” Rating Reiterated at J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their neutral rating on shares of Standard Chartered PLC (LON:STAN) in a report published on Thursday, MarketBeat.com reports. The firm currently has a GBX 800 ($10.56) price target on the financial services provider’s stock.
Several other equities analysts have also commented on the stock. 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 company a buy rating in a research note on Tuesday, July 18th. BNP Paribas reiterated a neutral rating and issued a GBX 750 ($9.90) price target on shares of Standard Chartered PLC in a research note on Wednesday, July 19th. Citigroup Inc. reiterated a buy rating on shares of Standard Chartered PLC in a research note on Friday, July 21st. Deutsche Bank AG raised their target price 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 research report on Tuesday, July 25th. Finally, HSBC Holdings plc restated a reduce rating and set a GBX 620 ($8.18) target price on shares of Standard Chartered PLC in a research report on Monday, September 18th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 697.56 ($9.21).
Standard Chartered PLC (LON:STAN) opened at GBX 723.43 ($9.55) on Thursday. Standard Chartered PLC has a one year low of GBX 609.60 ($8.04) and a one year high of GBX 860 ($11.35).
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In related news, insider Bill Winters sold 149,761 shares of the stock in a transaction on Friday, September 22nd. The stock was 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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