Standard Chartered PLC (STAN) Receives GBX 692.73 Consensus Target Price from Analysts

Standard Chartered PLC (LON:STAN) has received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 693.07 ($9.11).

A number of equities research analysts recently issued reports on STAN shares. Goldman Sachs Group, Inc. (The) set a GBX 970 ($12.75) price target on shares of Standard Chartered PLC and gave the company a “buy” rating in a research note on Thursday, August 3rd. Citigroup Inc. reissued a “buy” rating on shares of Standard Chartered PLC in a research note on Friday, July 21st. Berenberg Bank reduced their target price on shares of Standard Chartered PLC from GBX 725 ($9.53) to GBX 700 ($9.20) and set a “hold” rating on the stock in a research note on Wednesday, September 20th. BNP Paribas reissued a “neutral” rating and issued a GBX 750 ($9.86) target price on shares of Standard Chartered PLC in a research note on Wednesday, July 19th. Finally, UBS AG set a GBX 750 ($9.86) target price on shares of Standard Chartered PLC and gave the company a “neutral” rating in a research note on Wednesday, August 2nd.

In other news, insider Bill Winters sold 149,761 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.53), for a total value of £1,085,767.25 ($1,427,514.13).

Shares of Standard Chartered PLC (STAN) traded down 0.45% during midday trading on Friday, reaching GBX 767.30. 3,393,915 shares of the company’s stock were exchanged. Standard Chartered PLC has a 12-month low of GBX 609.60 and a 12-month high of GBX 860.00. The stock’s 50 day moving average is GBX 754.38 and its 200-day moving average is GBX 758.64. The stock’s market cap is GBX 25.22 billion.

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About Standard Chartered PLC

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 PLC (LON:STAN)

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