Standard Chartered PLC (LON:STAN) had its target price boosted by equities research analysts at Deutsche Bank AG from GBX 668 ($8.81) to GBX 670 ($8.84) in a report released on Wednesday. The firm presently has a “sell” rating on the financial services provider’s stock. Deutsche Bank AG’s target price would indicate a potential downside of 12.00% from the stock’s previous close.
A number of other analysts also recently issued reports on STAN. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 960 ($12.67) target price on shares of Standard Chartered PLC in a research report on Wednesday, June 28th. BNP Paribas reissued a “neutral” rating and issued a GBX 750 ($9.90) target price on shares of Standard Chartered PLC in a research report on Wednesday, July 19th. Citigroup Inc. reissued a “buy” rating on shares of Standard Chartered PLC in a research report on Friday, July 21st. UBS AG set a GBX 750 ($9.90) target price on Standard Chartered PLC and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group set a GBX 615 ($8.12) target price on Standard Chartered PLC and gave the stock a “sell” rating in a research report on Wednesday, August 2nd. Eight equities 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’s stock. Standard Chartered PLC has a consensus rating of “Hold” and a consensus price target of GBX 700.47 ($9.24).
Standard Chartered PLC (LON STAN) opened at 750.20 on Wednesday. Standard Chartered PLC has a one year low of GBX 609.60 and a one year high of GBX 860.00. The firm has a 50-day moving average price of GBX 751.46 and a 200-day moving average price of GBX 759.64. The firm’s market capitalization is GBX 24.66 billion.
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In related news, insider Bill Winters sold 149,761 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of GBX 725 ($9.57), for a total transaction of £1,085,767.25 ($1,432,788.66).
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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