Standard Chartered PLC (LON:STAN) Price Target Lowered to GBX 668 at Deutsche Bank AG
Standard Chartered PLC (LON:STAN) had its price target lowered by Deutsche Bank AG from GBX 674 ($8.89) to GBX 668 ($8.81) in a research note published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a sell rating on the financial services provider’s stock.
A number of other equities research analysts have also recently commented on STAN. Credit Suisse Group set a GBX 615 ($8.11) target price on Standard Chartered PLC and gave the stock a sell rating in a research note on Wednesday, August 2nd. UBS AG set a GBX 750 ($9.89) target price on Standard Chartered PLC and gave the stock a neutral rating in a research note on Wednesday, August 2nd. Citigroup Inc. reiterated a buy rating on shares of Standard Chartered PLC in a research note on Friday, July 21st. Shore Capital reiterated a hold rating on shares of Standard Chartered PLC in a research note on Thursday, April 27th. Finally, Barclays PLC lifted their target price on Standard Chartered PLC from GBX 575 ($7.58) to GBX 620 ($8.18) and gave the stock an underweight rating in a research note on Friday, May 26th. Eight analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Standard Chartered PLC currently has a consensus rating of Hold and a consensus price target of GBX 702.71 ($9.27).
Standard Chartered PLC (STAN) opened at 802.50 on Thursday. The company’s market capitalization is GBX 32.54 billion. The stock has a 50 day moving average of GBX 792.36 and a 200 day moving average of GBX 758.57. Standard Chartered PLC has a 12 month low of GBX 578.10 and a 12 month high of GBX 821.60.
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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.
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