Standard Chartered PLC (STAN) Given Consensus Rating of “Hold” by Brokerages

Shares of Standard Chartered PLC (LON:STAN) have received an average recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 752.54 ($10.55).

A number of brokerages have issued reports on STAN. increased their target price on shares of Standard Chartered from GBX 620 ($8.69) to GBX 630 ($8.83) and gave the company a “reduce” rating in a report on Thursday, November 2nd. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 653 ($9.16) target price on shares of Standard Chartered in a report on Monday. UBS Group set a GBX 760 ($10.66) target price on shares of Standard Chartered and gave the company a “neutral” rating in a report on Monday, January 15th. increased their target price on shares of Standard Chartered from GBX 620 ($8.69) to GBX 630 ($8.83) and gave the company a “reduce” rating in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 800 ($11.22) target price on shares of Standard Chartered in a report on Thursday, November 2nd.

Standard Chartered (LON:STAN) opened at GBX 797.50 ($11.18) on Friday. Standard Chartered has a 1-year low of GBX 678.80 ($9.52) and a 1-year high of GBX 860 ($12.06).

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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.

Analyst Recommendations for Standard Chartered (LON:STAN)

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