Standard Chartered’s (STAN) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.
Other equities research analysts have also issued research reports about the company. Goldman Sachs Group reiterated a conviction-buy rating and issued a GBX 990 ($12.94) target price (up previously from GBX 950 ($12.41)) on shares of Standard Chartered in a research report on Thursday, May 2nd. Berenberg Bank restated a buy rating on shares of Standard Chartered in a research report on Friday, May 3rd. UBS Group restated a neutral rating and issued a GBX 690 ($9.02) price objective (up previously from GBX 610 ($7.97)) on shares of Standard Chartered in a research report on Wednesday, May 1st. Shore Capital restated a buy rating and issued a GBX 980 ($12.81) price objective (up previously from GBX 975 ($12.74)) on shares of Standard Chartered in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada lowered Standard Chartered to an underperform rating and upped their price objective for the stock from GBX 460 ($6.01) to GBX 580 ($7.58) in a research report on Tuesday, April 30th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 708.50 ($9.26).
STAN opened at GBX 677 ($8.85) on Tuesday. Standard Chartered has a 52-week low of GBX 514.20 ($6.72) and a 52-week high of GBX 787.30 ($10.29). The stock has a market cap of $22.41 billion and a PE ratio of 36.59.
In other news, insider Andrew Nigel (Andy) Halford sold 39,015 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of GBX 691 ($9.03), for a total transaction of £269,593.65 ($352,271.85).
About Standard Chartered
Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.
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