Standard Chartered (STAN) Given a GBX 760 Price Target by UBS Group Analysts
Standard Chartered (LON:STAN) received a GBX 760 ($10.31) target price from analysts at UBS Group in a research note issued to investors on Monday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price indicates a potential downside of 7.38% from the stock’s current price.
Other analysts have also issued research reports about the company. Citigroup reiterated a “buy” rating and set a GBX 860 ($11.66) price objective on shares of Standard Chartered in a report on Wednesday, November 22nd. Shore Capital reiterated a “buy” rating on shares of Standard Chartered in a report on Tuesday, November 28th. Societe Generale reiterated a “hold” rating on shares of Standard Chartered in a report on Monday, October 23rd. Deutsche Bank upgraded Standard Chartered to a “hold” rating and decreased their price objective for the company from GBX 670 ($9.09) to GBX 653 ($8.86) in a report on Thursday, November 2nd. Finally, Berenberg Bank decreased their price objective on Standard Chartered from GBX 725 ($9.83) to GBX 700 ($9.49) and set a “hold” rating for the company in a report on Wednesday, September 20th. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 745.81 ($10.11).
Shares of Standard Chartered (STAN) opened at GBX 820.60 ($11.13) on Monday. Standard Chartered has a twelve month low of GBX 678.80 ($9.21) and a twelve month high of GBX 860 ($11.66).
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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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