Standard Chartered PLC (STAN) Price Target Lowered to GBX 668 at Deutsche Bank AG
Standard Chartered PLC (LON:STAN) had its price target cut by Deutsche Bank AG from GBX 674 ($8.89) to GBX 668 ($8.81) in a research report released on Thursday, MarketBeat reports. They currently have a sell rating on the financial services provider’s stock.
Several other brokerages also recently issued reports on STAN. UBS AG set a GBX 750 ($9.89) target price on Standard Chartered PLC and gave the company a neutral rating in a research note on Wednesday, August 2nd. Credit Suisse Group set a GBX 615 ($8.11) target price on Standard Chartered PLC and gave the company a sell rating in a research note on Wednesday, August 2nd. Citigroup Inc. reissued a buy rating on shares of Standard Chartered PLC in a research note on Friday, July 21st. Goldman Sachs Group Inc lifted their target price on Standard Chartered PLC from GBX 960 ($12.66) to GBX 970 ($12.80) and gave the company a buy rating in a research note on Tuesday, July 18th. Finally, BNP Paribas reissued a neutral rating and set a GBX 750 ($9.89) target price on shares of Standard Chartered PLC in a research note on Wednesday, July 19th. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 702.71 ($9.27).
Standard Chartered PLC (LON STAN) opened at 802.50 on Thursday. The stock’s market cap is GBX 32.54 billion. The stock’s 50 day moving average price is GBX 792.36 and its 200 day moving average price is GBX 758.57. Standard Chartered PLC has a one year low of GBX 578.10 and a one year high of GBX 821.60.
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About Standard Chartered PLC
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.
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