Standard Chartered (STAN) Earns Reduce Rating from HSBC

HSBC reiterated their reduce rating on shares of Standard Chartered (LON:STAN) in a report released on Monday. HSBC currently has a GBX 630 ($8.85) target price on the financial services provider’s stock.

STAN has been the subject of a number of other research reports. raised their price objective on Standard Chartered from GBX 620 ($8.71) to GBX 630 ($8.85) and gave the company a reduce rating in a research note on Thursday, November 2nd. UBS Group set a GBX 760 ($10.67) price objective on Standard Chartered and gave the company a neutral rating in a research note on Monday, January 15th. Deutsche Bank raised their price objective on Standard Chartered from GBX 668 ($9.38) to GBX 670 ($9.41) and gave the company a sell rating in a research note on Wednesday, October 25th. raised their price objective on Standard Chartered from GBX 620 ($8.71) to GBX 630 ($8.85) and gave the company a reduce rating in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. restated a neutral rating and set a GBX 800 ($11.23) price objective on shares of Standard Chartered in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 736.20 ($10.34).

Shares of Standard Chartered (STAN) opened at GBX 819.60 ($11.51) on Monday. Standard Chartered has a 12 month low of GBX 678.80 ($9.53) and a 12 month high of GBX 860 ($12.08).

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About Standard Chartered

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.

Analyst Recommendations for Standard Chartered (LON:STAN)

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