Standard Chartered’s (STAN) Buy Rating Reiterated at Citigroup

Standard Chartered (LON:STAN)‘s stock had its “buy” rating restated by research analysts at Citigroup in a research note issued to investors on Monday.

A number of other equities research analysts also recently weighed in on the company. Shore Capital reiterated a “buy” rating on shares of Standard Chartered in a report on Tuesday, November 28th. Goldman Sachs Group set a GBX 980 ($13.54) target price on Standard Chartered and gave the stock a “buy” rating in a report on Thursday, January 25th. Berenberg Bank upgraded Standard Chartered to a “buy” rating and lifted their target price for the stock from GBX 700 ($9.67) to GBX 920 ($12.71) in a report on Monday, February 5th. Deutsche Bank upgraded Standard Chartered to a “hold” rating and lowered their target price for the stock from GBX 670 ($9.26) to GBX 653 ($9.02) in a report on Thursday, November 2nd. Finally, Societe Generale reiterated a “hold” rating on shares of Standard Chartered in a report on Monday, October 23rd. Seven research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 733.07 ($10.13).

Shares of Standard Chartered (STAN) traded up GBX 14.30 ($0.20) on Monday, hitting GBX 802.40 ($11.09). The stock had a trading volume of 5,200,000 shares, compared to its average volume of 6,170,000. Standard Chartered has a 52 week low of GBX 678.80 ($9.38) and a 52 week high of GBX 860 ($11.88).

TRADEMARK VIOLATION NOTICE: This article was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/12/standard-chartereds-stan-buy-rating-reiterated-at-citigroup.html.

About Standard Chartered

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)

Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply