Standard Chartered PLC (LON:STAN) Receives Consensus Recommendation of “Hold” from Brokerages
Standard Chartered PLC (LON:STAN) has been given an average recommendation of “Hold” by the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 657.24 ($8.58).
Several equities research analysts have weighed in on the stock. Citigroup Inc. restated a “buy” rating on shares of Standard Chartered PLC in a research note on Friday. Goldman Sachs Group, Inc. (The) raised their target price 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 note on Tuesday, July 18th. BNP Paribas restated a “neutral” rating and issued a GBX 750 ($9.79) target price on shares of Standard Chartered PLC in a research note on Wednesday, July 19th. Shore Capital restated a “hold” rating on shares of Standard Chartered PLC in a research note on Thursday, April 27th. Finally, Investec downgraded shares of Standard Chartered PLC to a “sell” rating and raised their target price for the company from GBX 685 ($8.94) to GBX 690 ($9.01) in a research note on Friday, May 12th.
Shares of Standard Chartered PLC (LON STAN) traded up 0.45% during mid-day trading on Monday, hitting GBX 817.40. The stock had a trading volume of 2,336,136 shares. Standard Chartered PLC has a 52-week low of GBX 578.10 and a 52-week high of GBX 821.60. The stock’s market cap is GBX 26.79 billion. The company’s 50 day moving average is GBX 776.65 and its 200-day moving average is GBX 750.02.
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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.
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