Standard Chartered PLC (STAN) Rating Reiterated by Citigroup Inc.
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reissued by analysts at Citigroup Inc. in a research report issued to clients and investors on Friday.
A number of other research analysts have also commented on STAN. BNP Paribas reaffirmed a “neutral” rating and set a GBX 750 ($9.79) price objective on shares of Standard Chartered PLC in a research report on Wednesday. Goldman Sachs Group, Inc. (The) upped their price objective on shares of Standard Chartered PLC from GBX 960 ($12.54) to GBX 970 ($12.67) and gave the company a “buy” rating in a research report on Tuesday, July 18th. Shore Capital reaffirmed a “hold” rating on shares of Standard Chartered PLC in a research report on Thursday, April 27th. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 620 ($8.10) price objective on shares of Standard Chartered PLC in a research report on Tuesday, April 25th. Finally, Barclays PLC upped their price objective on shares of Standard Chartered PLC from GBX 575 ($7.51) to GBX 620 ($8.10) and gave the company an “underweight” rating in a research report on Friday, May 26th. Nine equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 670.17 ($8.75).
Standard Chartered PLC (LON:STAN) opened at 813.70 on Friday. The firm’s market capitalization is GBX 26.67 billion. The company has a 50-day moving average price of GBX 776.65 and a 200-day moving average price of GBX 750.02. Standard Chartered PLC has a 1-year low of GBX 578.10 and a 1-year high of GBX 828.10.
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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.
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