Standard Chartered’s (STAN) Buy Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of Standard Chartered (LON:STAN) in a research note issued to investors on Wednesday morning.

A number of other equities analysts also recently weighed in on STAN. Goldman Sachs Group set a GBX 980 ($12.81) target price on Standard Chartered and gave the stock a buy rating in a research note on Tuesday, July 31st. UBS Group restated a neutral rating and issued a GBX 600 ($7.84) target price on shares of Standard Chartered in a research note on Friday, October 26th. Deutsche Bank cut their target price on Standard Chartered from GBX 720 ($9.41) to GBX 675 ($8.82) and set a hold rating on the stock in a research note on Wednesday, August 1st. Independent Research upgraded Standard Chartered to a hold rating and set a GBX 720 ($9.41) target price on the stock in a research note on Thursday, August 2nd. Finally, Berenberg Bank restated a buy rating and issued a GBX 920 ($12.02) target price on shares of Standard Chartered in a research note on Wednesday, August 1st. Four research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Standard Chartered presently has a consensus rating of Hold and a consensus target price of GBX 731.08 ($9.55).

Shares of LON STAN opened at GBX 579 ($7.57) on Wednesday. Standard Chartered has a twelve month low of GBX 678.80 ($8.87) and a twelve month high of GBX 864.20 ($11.29).

In related news, insider Bill Winters sold 152,207 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was 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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Analyst Recommendations for Standard Chartered (LON:STAN)

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