Analysts Set Standard Chartered PLC (STAN) Price Target at $695.73
Shares of Standard Chartered PLC (LON:STAN) have received an average rating of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 695.73 ($8.99).
Several research firms have recently commented on STAN. Barclays PLC restated an “underweight” rating on shares of Standard Chartered PLC in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) set a GBX 970 ($12.53) price target on Standard Chartered PLC and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Deutsche Bank AG cut their price target on Standard Chartered PLC from GBX 674 ($8.70) to GBX 668 ($8.63) and set a “sell” rating for the company in a research note on Thursday, August 3rd. Credit Suisse Group set a GBX 615 ($7.94) price target on Standard Chartered PLC and gave the stock a “sell” rating in a research note on Wednesday, August 2nd. Finally, UBS AG set a GBX 750 ($9.69) price target on Standard Chartered PLC and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd.
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Shares of Standard Chartered PLC (STAN) traded down 2.13% during midday trading on Tuesday, hitting GBX 734.80. 8,340,845 shares of the stock were exchanged. Standard Chartered PLC has a one year low of GBX 599.10 and a one year high of GBX 860.00. The company’s market cap is GBX 24.15 billion. The firm has a 50 day moving average of GBX 775.51 and a 200-day moving average of GBX 757.09.
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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