Standard Chartered PLC (STAN) Price Target Increased to GBX 630 by Analysts at HSBC Holdings plc
Standard Chartered PLC (LON:STAN) had its price objective raised by analysts at HSBC Holdings plc from GBX 620 ($8.15) to GBX 630 ($8.29) in a research report issued to clients and investors on Thursday, November 2nd. The firm presently has a “reduce” rating on the financial services provider’s stock. HSBC Holdings plc’s target price would indicate a potential downside of 12.66% from the stock’s previous close.
A number of other research analysts have also recently commented on STAN. Goldman Sachs Group, Inc. (The) upped their price target on Standard Chartered PLC from GBX 960 ($12.63) to GBX 970 ($12.76) and gave the stock a “buy” rating in a research note on Tuesday, July 18th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 750 ($9.86) price objective on shares of Standard Chartered PLC in a research report on Wednesday, July 19th. Citigroup Inc. reaffirmed a “buy” rating on shares of Standard Chartered PLC in a research report on Friday, July 21st. Deutsche Bank AG upped their price objective on Standard Chartered PLC from GBX 642 ($8.44) to GBX 674 ($8.86) and gave the stock a “sell” rating in a research report on Tuesday, July 25th. Finally, UBS AG set a GBX 750 ($9.86) price objective on Standard Chartered PLC and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Ten equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Standard Chartered PLC currently has a consensus rating of “Hold” and an average target price of GBX 686.89 ($9.03).
Standard Chartered PLC (LON:STAN) traded down GBX 6.60 ($0.09) during trading hours on Thursday, reaching GBX 721.30 ($9.49). The company’s stock had a trading volume of 8,014,091 shares, compared to its average volume of 7,200,000. Standard Chartered PLC has a one year low of GBX 609.60 ($8.02) and a one year high of GBX 860 ($11.31).
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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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