Standard Chartered PLC (STAN) Price Target Lowered to GBX 700 at Berenberg Bank
Standard Chartered PLC (LON:STAN) had its target price trimmed by Berenberg Bank from GBX 725 ($9.77) to GBX 700 ($9.44) in a report released on Wednesday. The firm currently has a hold rating on the financial services provider’s stock.
Several other research firms also recently commented on STAN. Credit Suisse Group set a GBX 615 ($8.29) price objective on shares of Standard Chartered PLC and gave the stock a sell rating in a research note on Wednesday, August 2nd. UBS AG set a GBX 750 ($10.11) target price on shares of Standard Chartered PLC and gave the company a neutral rating in a research report on Wednesday, August 2nd. Citigroup Inc. restated a buy rating on shares of Standard Chartered PLC in a research report on Friday, July 21st. Deutsche Bank AG boosted their target price on shares of Standard Chartered PLC from GBX 642 ($8.66) to GBX 674 ($9.09) and gave the company a sell rating in a research report on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) boosted their target price on shares of Standard Chartered PLC from GBX 960 ($12.94) to GBX 970 ($13.08) and gave the company a buy rating in a research report on Tuesday, July 18th. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 700.06 ($9.44).
Shares of Standard Chartered PLC (STAN) opened at 730.00 on Wednesday. The stock’s market capitalization is GBX 24.00 billion. The stock has a 50 day moving average price of GBX 770.39 and a 200 day moving average price of GBX 757.48. Standard Chartered PLC has a 1-year low of GBX 599.10 and a 1-year high of GBX 860.00.
About Standard Chartered PLC
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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