Standard Chartered PLC (STAN) Given Average Recommendation of “Hold” by Analysts
Standard Chartered PLC (LON:STAN) has been given an average rating of “Hold” by the eighteen research firms that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 695.57 ($9.18).
Several analysts have weighed in on STAN shares. Goldman Sachs Group, Inc. (The) upped their price objective on shares of Standard Chartered PLC from GBX 960 ($12.67) to GBX 970 ($12.80) and gave the stock a “buy” rating in a research note on Tuesday, July 18th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 750 ($9.90) price objective on shares of Standard Chartered PLC in a research note on Wednesday, July 19th. Citigroup Inc. reaffirmed a “buy” rating on shares of Standard Chartered PLC in a research note on Friday, July 21st. Deutsche Bank AG raised their price objective on shares of Standard Chartered PLC from GBX 642 ($8.47) to GBX 674 ($8.89) and gave the company a “sell” rating in a research note on Tuesday, July 25th. Finally, UBS AG set a GBX 750 ($9.90) price objective on shares of Standard Chartered PLC and gave the company a “neutral” rating in a research note on Wednesday, August 2nd.
In other news, insider Bill Winters sold 149,761 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.57), for a total value of £1,085,767.25 ($1,432,788.66).
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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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