Standard Chartered PLC (STAN) Trading Down 1.1%
Standard Chartered PLC (LON:STAN) shares were down 1.1% on Monday . The stock traded as low as GBX 760 ($9.83) and last traded at GBX 765.50 ($9.90). Approximately 794,405 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 5,435,350 shares. The stock had previously closed at GBX 773.90 ($10.01).
Several research analysts have weighed in on STAN shares. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 960 ($12.42) target price on shares of Standard Chartered PLC in a research note on Wednesday, June 28th. Shore Capital upgraded Standard Chartered PLC to a “buy” rating in a research note on Monday, May 15th. BNP Paribas reiterated a “neutral” rating and issued a GBX 750 ($9.70) target price on shares of Standard Chartered PLC in a research note on Wednesday, July 19th. Investec downgraded Standard Chartered PLC to a “sell” rating and lifted their target price for the company from GBX 685 ($8.86) to GBX 690 ($8.92) in a research note on Friday, May 12th. Finally, Citigroup Inc reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Friday, July 21st. Eight equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 702.71 ($9.09).
The company’s 50 day moving average is GBX 794.09 and its 200-day moving average is GBX 758.94. The firm’s market capitalization is GBX 25.08 billion.
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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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