Standard Chartered PLC (STAN) Given Consensus Rating of “Hold” by Brokerages

Standard Chartered PLC (LON:STAN) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 731.92 ($10.11).

Several research analysts have weighed in on the company. HSBC reiterated a “reduce” rating and issued a GBX 630 ($8.70) target price on shares of Standard Chartered in a research note on Monday, January 29th. Goldman Sachs Group set a GBX 980 ($13.54) target price on Standard Chartered and gave the company a “buy” rating in a research note on Thursday, January 25th. UBS Group set a GBX 760 ($10.50) price target on Standard Chartered and gave the company a “neutral” rating in a research note on Monday, January 15th. Berenberg Bank upgraded Standard Chartered to a “buy” rating and lifted their price target for the company from GBX 700 ($9.67) to GBX 920 ($12.71) in a research note on Monday, February 5th. Finally, Deutsche Bank restated a “hold” rating and issued a GBX 653 ($9.02) price target on shares of Standard Chartered in a research note on Monday, February 5th.

Shares of Standard Chartered (LON:STAN) traded up GBX 5.20 ($0.07) during mid-day trading on Friday, hitting GBX 809 ($11.18). The company’s stock had a trading volume of 5,389,465 shares, compared to its average volume of 6,390,000. Standard Chartered has a one year low of GBX 678.80 ($9.38) and a one year high of GBX 860 ($11.88).

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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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