Standard Chartered PLC (STAN) Coverage Initiated by Analysts at Credit Suisse Group AG
Credit Suisse Group AG started coverage on shares of Standard Chartered PLC (LON:STAN) in a research note published on Tuesday morning. The firm issued an underperform rating and a GBX 515 ($6.39) price objective on the stock.
STAN has been the topic of several other research reports. Barclays PLC restated 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. JPMorgan Chase & Co. restated an overweight rating and set a GBX 870 ($10.79) price objective on shares of Standard Chartered PLC in a report on Wednesday, November 2nd. S&P Global Inc. set a GBX 650 ($8.06) price objective on shares of Standard Chartered PLC and gave the stock a neutral rating in a report on Thursday, August 4th. Goldman Sachs Group Inc. reissued a buy rating and issued a GBX 840 ($10.42) target price on shares of Standard Chartered PLC in a research note on Friday, November 25th. Finally, Societe Generale reissued a hold rating and issued a GBX 575 ($7.13) target price on shares of Standard Chartered PLC in a research note on Friday, September 9th. Eleven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Standard Chartered PLC has an average rating of Hold and an average price target of GBX 584.39 ($7.25).
Standard Chartered PLC (LON:STAN) opened at 631.00 on Tuesday. Standard Chartered PLC has a 1-year low of GBX 373.40 and a 1-year high of GBX 719.30. The firm’s market cap is GBX 20.71 billion. The company’s 50 day moving average is GBX 659.87 and its 200-day moving average is GBX 610.01.
ILLEGAL ACTIVITY NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2016/11/30/standard-chartered-plc-stan-coverage-initiated-by-analysts-at-credit-suisse-group-ag.html.
In related news, insider José Viñals acquired 2,000 shares of the stock in a transaction dated Wednesday, November 16th. The stock was bought at an average price of GBX 639 ($7.93) per share, with a total value 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.
Receive News & Stock Ratings for Standard Chartered PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered PLC and related stocks with our FREE daily email newsletter.