Standard Chartered PLC (STAN) Given Average Rating of “Hold” by Brokerages
Standard Chartered PLC (LON:STAN) has been given an average recommendation of “Hold” by the eighteen ratings firms that are covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 695.73 ($9.03).
Several research firms recently commented on STAN. Barclays PLC restated an “underweight” rating on shares of Standard Chartered PLC in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) set a GBX 970 ($12.59) target price on Standard Chartered PLC and gave the company a “buy” rating in a research report on Thursday, August 3rd. Deutsche Bank AG lowered their target price on Standard Chartered PLC from GBX 674 ($8.75) to GBX 668 ($8.67) and set a “sell” rating on the stock in a research report on Thursday, August 3rd. Credit Suisse Group set a GBX 615 ($7.98) target price on Standard Chartered PLC and gave the company a “sell” rating in a research report on Wednesday, August 2nd. Finally, UBS AG set a GBX 750 ($9.74) target price on Standard Chartered PLC and gave the company a “neutral” rating in a research report on Wednesday, August 2nd.
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Shares of Standard Chartered PLC (STAN) opened at 755.00 on Friday. The stock’s market capitalization is GBX 24.82 billion. The company has a 50 day moving average price of GBX 800.98 and a 200-day moving average price of GBX 760.27. Standard Chartered PLC has a 1-year low of GBX 599.10 and a 1-year high of GBX 860.00.
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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