Standard Chartered (LON:STAN) Rating Increased to Sell at Shore Capital Group

Shore Capital Group upgraded shares of Standard Chartered (LON:STANFree Report) to a sell rating in a research report sent to investors on Friday,London Stock Exchange reports.

A number of other analysts have also recently weighed in on STAN. Deutsche Bank Aktiengesellschaft raised their target price on shares of Standard Chartered from GBX 1,700 to GBX 1,900 and gave the stock a “hold” rating in a report on Friday, January 23rd. Citigroup increased their price target on Standard Chartered from GBX 1,675 to GBX 1,775 and gave the company a “neutral” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. increased their price target on Standard Chartered from GBX 1,880 to GBX 2,170 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,250 price target on shares of Standard Chartered in a research report on Thursday. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Standard Chartered has an average rating of “Hold” and a consensus price target of GBX 1,890.

Check Out Our Latest Research Report on STAN

Standard Chartered Stock Up 0.8%

LON:STAN traded up GBX 14.20 during trading hours on Friday, reaching GBX 1,877. 3,780,856 shares of the company’s stock were exchanged, compared to its average volume of 46,216,863. The company has a market capitalization of £41.57 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 0.80 and a beta of 0.52. Standard Chartered has a 12 month low of GBX 1,038.50 and a 12 month high of GBX 1,924. The business’s 50-day simple moving average is GBX 1,684.98 and its two-hundred day simple moving average is GBX 1,695.25.

Insiders Place Their Bets

In related news, insider Bill Winters purchased 86,027 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average price of GBX 1,507 per share, for a total transaction of £1,296,426.89. Also, insider Peter Burrill sold 10,907 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of GBX 1,554, for a total value of £169,494.78. Company insiders own 0.38% of the company’s stock.

Standard Chartered News Summary

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About Standard Chartered

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Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.

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