UBS Group set a GBX 760 ($10.31) price target on Standard Chartered (LON:STAN) in a research note published on Monday. The firm currently has a neutral rating on the financial services provider’s stock.
Several other research analysts have also weighed in on STAN. reiterated a reduce rating and issued a GBX 620 ($8.41) price objective on shares of Standard Chartered in a research report on Monday, September 18th. Deutsche Bank reiterated a sell rating and issued a GBX 668 ($9.06) price objective on shares of Standard Chartered in a research report on Tuesday, September 19th. Berenberg Bank lowered their price objective on Standard Chartered from GBX 725 ($9.83) to GBX 700 ($9.49) and set a hold rating for the company in a research report on Wednesday, September 20th. Credit Suisse Group increased their price objective on Standard Chartered from GBX 615 ($8.34) to GBX 620 ($8.41) and gave the stock an underperform rating in a research report on Tuesday, October 10th. Finally, Societe Generale reiterated a hold rating on shares of Standard Chartered in a research report on Monday, October 23rd. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Standard Chartered has an average rating of Hold and a consensus target price of GBX 745.81 ($10.11).
Shares of Standard Chartered (STAN) traded up GBX 1.30 ($0.02) during trading on Monday, reaching GBX 817.40 ($11.08). The company had a trading volume of 5,690,000 shares, compared to its average volume of 5,440,000. Standard Chartered has a 52 week low of GBX 678.80 ($9.21) and a 52 week high of GBX 860 ($11.66).
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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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