Shares of Standard Chartered PLC (LON:STAN) were down 0.6% during mid-day trading on Friday . The stock traded as low as GBX 764 ($10.28) and last traded at GBX 768.40 ($10.34). Approximately 1,420,845 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 6,260,000 shares. The stock had previously closed at GBX 773.10 ($10.41).

Several analysts have issued reports on STAN shares. reaffirmed a “reduce” rating and issued a GBX 620 ($8.34) target price on shares of Standard Chartered in a research note on Monday, September 18th. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 668 ($8.99) target price on shares of Standard Chartered in a research note on Tuesday, September 19th. Berenberg Bank cut their target price on Standard Chartered from GBX 725 ($9.76) to GBX 700 ($9.42) and set a “hold” rating for the company in a research note on Wednesday, September 20th. Credit Suisse Group upped their target price on Standard Chartered from GBX 615 ($8.28) to GBX 620 ($8.34) and gave the stock an “underperform” rating in a research note on Tuesday, October 10th. Finally, Societe Generale reaffirmed a “hold” rating on shares of Standard Chartered in a research note on Monday, October 23rd. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 721.82 ($9.71).

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Standard Chartered 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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