Standard Chartered PLC’s (STAN) Buy Rating Reaffirmed at Citigroup Inc.
Several other research firms have also issued reports on STAN. Goldman Sachs Group, Inc. (The) reduced their price objective on shares of Standard Chartered PLC from GBX 1,000 ($13.06) to GBX 950 ($12.41) and set a buy rating for the company in a research note on Tuesday, May 23rd. Investec lowered shares of Standard Chartered PLC to a sell rating and lifted their price objective for the company from GBX 685 ($8.94) to GBX 690 ($9.01) in a research note on Friday, May 12th. Shore Capital raised shares of Standard Chartered PLC to a buy rating in a research note on Monday, May 15th. Berenberg Bank lowered shares of Standard Chartered PLC to a hold rating and reduced their price objective for the company from GBX 750 ($9.79) to GBX 725 ($9.47) in a research note on Thursday, March 23rd. Finally, HSBC Holdings plc reaffirmed a reduce rating and issued a GBX 640 ($8.36) price objective on shares of Standard Chartered PLC in a research note on Thursday, June 8th. Nine research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 670.17 ($8.75).
Standard Chartered PLC (LON STAN) traded down 1.37% on Friday, reaching GBX 813.70. The company’s stock had a trading volume of 5,006,032 shares. The company’s market capitalization is GBX 26.67 billion. Standard Chartered PLC has a 1-year low of GBX 578.10 and a 1-year high of GBX 828.10. The stock has a 50 day moving average price of GBX 776.65 and a 200-day moving average price of GBX 750.02.
Standard Chartered PLC 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.
Receive News & Ratings for Standard Chartered PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered PLC and related companies with MarketBeat.com's FREE daily email newsletter.