Standard Chartered PLC (STAN) Receives Consensus Recommendation of “Hold” from Analysts
Standard Chartered PLC (LON:STAN) has earned an average rating of “Hold” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Eight 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 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 692.73 ($9.19).
STAN has been the topic of several recent research reports. Goldman Sachs Group, Inc. (The) boosted their target price on Standard Chartered PLC from GBX 960 ($12.73) to GBX 970 ($12.87) and gave the stock a “buy” rating in a report on Tuesday, July 18th. BNP Paribas restated a “neutral” rating and set a GBX 750 ($9.95) target price on shares of Standard Chartered PLC in a report on Wednesday, July 19th. Citigroup Inc. restated a “buy” rating on shares of Standard Chartered PLC in a report on Friday, July 21st. HSBC Holdings plc reiterated a “reduce” rating and issued a GBX 620 ($8.22) price objective on shares of Standard Chartered PLC in a report on Monday, September 18th. Finally, UBS AG set a GBX 750 ($9.95) price objective on Standard Chartered PLC and gave the company a “neutral” rating in a report on Wednesday, August 2nd.
Shares of Standard Chartered PLC (STAN) opened at 772.90 on Friday. The stock has a 50 day moving average price of GBX 753.52 and a 200 day moving average price of GBX 757.67. Standard Chartered PLC has a 1-year low of GBX 609.60 and a 1-year high of GBX 860.00. The company’s market capitalization is GBX 25.41 billion.
In other Standard Chartered PLC news, insider Bill Winters sold 149,761 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of GBX 725 ($9.62), for a total value of £1,085,767.25 ($1,440,200.62).
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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