Macquarie Trims Standard Chartered PLC (STAN) Target Price to GBX 550
Standard Chartered PLC (LON:STAN) had its price target cut by Macquarie from GBX 560 ($6.94) to GBX 550 ($6.81) in a research report released on Wednesday. They currently have an underperform rating on the stock.
Several other equities analysts have also issued reports on STAN. Deutsche Bank AG boosted their target price on Standard Chartered PLC from GBX 474 ($5.87) to GBX 479 ($5.93) and gave the stock a sell rating in a research report on Thursday, August 4th. Barclays PLC reiterated an underweight rating and set a GBX 520 ($6.44) price objective on shares of Standard Chartered PLC in a report on Wednesday, November 2nd. Citigroup Inc. reiterated a buy rating and set a GBX 790 ($9.79) price objective on shares of Standard Chartered PLC in a report on Thursday, November 3rd. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 870 ($10.78) price objective on shares of Standard Chartered PLC in a report on Wednesday, November 2nd. Finally, S&P Global Inc. set a GBX 650 ($8.05) price objective on Standard Chartered PLC and gave the company a neutral rating in a report on Thursday, August 4th. Ten equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 581.03 ($7.20).
Standard Chartered PLC (LON:STAN) opened at 630.10 on Wednesday. Standard Chartered PLC has a one year low of GBX 373.40 and a one year high of GBX 719.30. The stock’s market capitalization is GBX 20.68 billion. The company has a 50-day moving average of GBX 661.43 and a 200-day moving average of GBX 600.55.
About Standard Chartered PLC
Standard Chartered PLC is an international banking company. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. Its segments include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients. Its Corporate and Institutional clients segment consists of global corporates, local corporates and financial Institutions.
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