Standard Chartered PLC (STAN) Receives “Buy” Rating from Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reaffirmed their buy rating on shares of Standard Chartered PLC (LON:STAN) in a research report sent to investors on Tuesday morning. They currently have a GBX 840 ($10.49) price objective on the stock.
Several other research firms have also recently weighed in on STAN. Shore Capital reissued a hold rating on shares of Standard Chartered PLC in a research report on Wednesday, August 3rd. HSBC lowered Standard Chartered PLC to a hold rating and set a GBX 650 ($8.12) price objective for the company. in a research note on Wednesday, August 17th. BNP Paribas reiterated an underperform rating and set a GBX 450 ($5.62) price objective on shares of Standard Chartered PLC in a research note on Thursday, July 21st. S&P Global Inc. set a GBX 650 ($8.12) price objective on Standard Chartered PLC and gave the stock a neutral rating in a research note on Thursday, August 4th. Finally, Societe Generale reiterated a hold rating and set a GBX 620 ($7.75) price objective on shares of Standard Chartered PLC in a research note on Thursday, August 4th. Ten investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Standard Chartered PLC has an average rating of Hold and a consensus price target of GBX 585.19 ($7.31).
Standard Chartered PLC (LON:STAN) traded down 0.99% on Tuesday, hitting GBX 630.20. 7,468,153 shares of the stock were exchanged. The company’s 50 day moving average price is GBX 660.32 and its 200-day moving average price is GBX 602.88. The company’s market cap is GBX 20.68 billion. Standard Chartered PLC has a one year low of GBX 373.40 and a one year high of GBX 719.30.
Standard Chartered PLC Company Profile
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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