Standard Chartered PLC (STAN) Given Consensus Recommendation of “Hold” by Brokerages
Standard Chartered PLC (LON:STAN) has earned an average rating of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 719.40 ($9.68).
STAN has been the topic of several recent research reports. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 900 ($12.11) price objective on shares of Standard Chartered in a research report on Friday, December 15th. Credit Suisse Group dropped their target price on Standard Chartered from GBX 620 ($8.34) to GBX 610 ($8.21) and set an “underperform” rating for the company in a report on Friday, November 3rd. Barclays restated an “underweight” rating and set a GBX 620 ($8.34) target price on shares of Standard Chartered in a report on Tuesday, November 14th. Citigroup restated a “buy” rating on shares of Standard Chartered in a report on Wednesday, December 6th. Finally, Deutsche Bank restated a “sell” rating and set a GBX 668 ($8.99) target price on shares of Standard Chartered in a report on Tuesday, September 19th.
In other news, insider Bill Winters sold 149,761 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of GBX 725 ($9.76), for a total value of £1,085,767.25 ($1,461,328.73).
Standard Chartered 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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