Standard Chartered PLC (STAN) Rating Reiterated by Goldman Sachs Group Inc.
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reissued by equities researchers at Goldman Sachs Group Inc. in a research report issued on Friday. They currently have a GBX 840 ($10.42) target price on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 34.57% from the stock’s previous close.
Several other research analysts have also weighed in on the stock. Deutsche Bank AG reissued a “sell” rating and set a GBX 555 ($6.89) price objective on shares of Standard Chartered PLC in a report on Thursday, November 24th. BNP Paribas reissued an “underperform” rating and set a GBX 620 ($7.69) price objective on shares of Standard Chartered PLC in a report on Friday, November 18th. Macquarie reissued an “underperform” rating and set a GBX 550 ($6.82) price objective on shares of Standard Chartered PLC in a report on Thursday, November 17th. Citigroup Inc. reissued a “buy” rating and set a GBX 790 ($9.80) price objective on shares of Standard Chartered PLC in a report on Thursday, November 3rd. Finally, Barclays PLC reissued an “underweight” rating and set a GBX 520 ($6.45) price objective on shares of Standard Chartered PLC in a report on Wednesday, November 2nd. Eleven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 584.39 ($7.25).
Standard Chartered PLC (LON:STAN) opened at 630.00 on Friday. The stock’s 50 day moving average is GBX 659.87 and its 200-day moving average is GBX 610.01. Standard Chartered PLC has a 52 week low of GBX 373.40 and a 52 week high of GBX 719.30. The firm’s market capitalization is GBX 20.67 billion.
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In related news, insider José Viñals purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was acquired at an average cost of GBX 639 ($7.93) per share, for a total transaction of £12,780 ($15,854.11).
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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