Standard Chartered PLC (LON:STAN) shares dropped 0% during mid-day trading on Monday . The company traded as low as GBX 816 ($11.07) and last traded at GBX 816.10 ($11.07). Approximately 5,980,561 shares changed hands during trading, an increase of 10% from the average daily volume of 5,460,000 shares. The stock had previously closed at GBX 816.10 ($11.07).

STAN has been the subject of a number of recent research reports. Deutsche Bank reiterated a “sell” rating and set a GBX 668 ($9.06) price objective on shares of Standard Chartered in a research note on Tuesday, September 19th. Berenberg Bank reduced their target price on Standard Chartered from GBX 725 ($9.83) to GBX 700 ($9.49) and set a “hold” rating for the company in a report on Wednesday, September 20th. Credit Suisse Group lifted their target price on Standard Chartered from GBX 615 ($8.34) to GBX 620 ($8.41) and gave the stock an “underperform” rating in a report on Tuesday, October 10th. Societe Generale reissued a “hold” rating on shares of Standard Chartered in a report on Monday, October 23rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 800 ($10.85) target price on shares of Standard Chartered in a report on Thursday, November 2nd. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 745.81 ($10.11).

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About Standard Chartered

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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