Standard Chartered PLC (STAN) Given “Buy” Rating at Goldman Sachs Group, Inc. (The)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reaffirmed by Goldman Sachs Group, Inc. (The) in a note issued to investors on Wednesday, Marketbeat.com reports. They currently have a GBX 960 ($12.44) price target on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential upside of 22.14% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. HSBC Holdings plc cut shares of Standard Chartered PLC to a “reduce” rating and decreased their price target for the company from GBX 650 ($8.42) to GBX 640 ($8.29) in a report on Tuesday, May 2nd. BNP Paribas restated an “underperform” rating and set a GBX 750 ($9.72) price target on shares of Standard Chartered PLC in a report on Friday, March 24th. Credit Suisse Group restated an “underperform” rating and set a GBX 570 ($7.38) price target on shares of Standard Chartered PLC in a report on Tuesday, March 28th. Shore Capital upgraded shares of Standard Chartered PLC to a “buy” rating in a report on Monday, May 15th. Finally, Berenberg Bank cut shares of Standard Chartered PLC to a “hold” rating and decreased their price target for the company from GBX 750 ($9.72) to GBX 725 ($9.39) in a report on Thursday, March 23rd. Ten equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Standard Chartered PLC has a consensus rating of “Hold” and an average price target of GBX 679.44 ($8.80).
Standard Chartered PLC (LON STAN) traded up 1.13% on Wednesday, hitting GBX 786.00. The company had a trading volume of 3,224,497 shares. Standard Chartered PLC has a 12-month low of GBX 550.50 and a 12-month high of GBX 821.60. The firm’s 50 day moving average price is GBX 750.33 and its 200 day moving average price is GBX 735.72. The stock’s market cap is GBX 25.76 billion.
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.
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