Standard Chartered PLC (LON:STAN)’s share price shot up 0% during mid-day trading on Wednesday . The stock traded as high as GBX 828.50 ($11.24) and last traded at GBX 818.70 ($11.10). 10,930,000 shares changed hands during trading, an increase of 107% from the average session volume of 5,280,000 shares. The stock had previously closed at GBX 818.70 ($11.10).

Several brokerages have recently issued reports on STAN. upped their price target on Standard Chartered from GBX 620 ($8.41) to GBX 630 ($8.54) and gave the company a “reduce” rating in a research note on Thursday, November 2nd. HSBC increased their target price on Standard Chartered from GBX 620 ($8.41) to GBX 630 ($8.54) and gave the company a “reduce” rating in a research note on Thursday, November 2nd. increased their target price on Standard Chartered from GBX 620 ($8.41) to GBX 630 ($8.54) and gave the company a “reduce” rating in a research note on Thursday, November 2nd. Deutsche Bank reissued a “sell” rating and issued a GBX 668 ($9.06) target price on shares of Standard Chartered in a research note on Tuesday, September 19th. Finally, Berenberg Bank cut their target price on Standard Chartered from GBX 725 ($9.83) to GBX 700 ($9.49) and set a “hold” rating on the stock in a research note on Wednesday, September 20th. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 745.19 ($10.11).

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Standard Chartered Company Profile

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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