UBS Group reaffirmed their neutral rating on shares of Standard Chartered (LON:STAN) in a report issued on Friday morning, investing.thisismoney.co.uk reports. UBS Group currently has a GBX 595 ($7.77) target price on the financial services provider’s stock, down from their previous target price of GBX 600 ($7.84).
Several other research analysts have also issued reports on STAN. Goldman Sachs Group set a GBX 980 ($12.81) price target on shares of Standard Chartered and gave the stock a buy rating in a report on Tuesday, July 31st. Shore Capital restated a buy rating on shares of Standard Chartered in a report on Wednesday, October 31st. Deutsche Bank lowered their price target on shares of Standard Chartered from GBX 650 ($8.49) to GBX 620 ($8.10) and set a hold rating for the company in a report on Thursday. Barclays lowered their price target on shares of Standard Chartered from GBX 685 ($8.95) to GBX 600 ($7.84) and set an underweight rating for the company in a report on Thursday. Finally, Independent Research upgraded shares of Standard Chartered to a hold rating and set a GBX 720 ($9.41) price target for the company in a report on Thursday, August 2nd. Four analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 731.08 ($9.55).
Standard Chartered stock opened at GBX 570.40 ($7.45) on Friday. Standard Chartered has a 52-week low of GBX 678.80 ($8.87) and a 52-week high of GBX 864.20 ($11.29).
In other news, insider Bill Winters sold 152,207 shares of Standard Chartered stock in a transaction on Monday, September 24th. The shares were sold at an average price of GBX 641 ($8.38), for a total value of £975,646.87 ($1,274,855.44).
Standard Chartered Company Profile
Standard Chartered PLC provides various banking products and services in the Greater China and North Asia, ASEAN and South Asia, Africa and the Middle East, and Europe and America. The company operates in four segments: Corporate & Institutional Banking, Private Banking, Commercial Banking, and Retail Banking.
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