Standard Chartered PLC (STAN) Stock Rating Reaffirmed by Barclays PLC

Standard Chartered PLC (LON:STAN)‘s stock had its “underweight” rating reissued by analysts at Barclays PLC in a research note issued on Tuesday.

Several other research analysts have also recently issued reports on STAN. Goldman Sachs Group, Inc. (The) raised their target price on Standard Chartered PLC from GBX 960 ($12.63) to GBX 970 ($12.76) and gave the stock a “buy” rating in a research report on Tuesday, July 18th. BNP Paribas reissued a “neutral” rating and issued a GBX 750 ($9.86) target price on shares of Standard Chartered PLC in a research report on Wednesday, July 19th. Citigroup Inc. reissued a “buy” rating on shares of Standard Chartered PLC in a research report on Friday, July 21st. Deutsche Bank AG raised their target price on Standard Chartered PLC from GBX 642 ($8.44) to GBX 674 ($8.86) and gave the stock a “sell” rating in a research report on Tuesday, July 25th. Finally, UBS AG set a GBX 750 ($9.86) target price on Standard Chartered PLC and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 697.56 ($9.17).

Standard Chartered PLC (LON:STAN) opened at GBX 727.90 ($9.57) on Tuesday. Standard Chartered PLC has a 12-month low of GBX 609.60 ($8.02) and a 12-month high of GBX 860 ($11.31).

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In related news, insider Bill Winters sold 149,761 shares of Standard Chartered PLC stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of GBX 725 ($9.54), for a total transaction of £1,085,767.25 ($1,428,077.40).

Standard Chartered PLC 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.

Analyst Recommendations for Standard Chartered PLC (LON:STAN)

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