Standard Chartered PLC (STAN) Trading Up 2.1%
Shares of Standard Chartered PLC (LON:STAN) were up 2.1% on Tuesday . The stock traded as high as GBX 772.60 ($10.25) and last traded at GBX 771.30 ($10.23). Approximately 8,026,026 shares changed hands during trading, an increase of 27% from the average daily volume of 6,304,640 shares. The stock had previously closed at GBX 755.20 ($10.02).
Several analysts have weighed in on STAN shares. Goldman Sachs Group, Inc. (The) set a GBX 970 ($12.87) target price on shares of Standard Chartered PLC and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Citigroup Inc. reissued a “buy” rating on shares of Standard Chartered PLC in a research report on Friday, July 21st. Berenberg Bank dropped their target price on shares of Standard Chartered PLC from GBX 725 ($9.62) to GBX 700 ($9.29) and set a “hold” rating on the stock in a research report on Wednesday, September 20th. BNP Paribas reissued a “neutral” rating and set a GBX 750 ($9.95) target price on shares of Standard Chartered PLC in a research report on Wednesday, July 19th. Finally, UBS AG set a GBX 750 ($9.95) price objective on shares of Standard Chartered PLC and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Eight research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 700.06 ($9.29).
The stock’s 50-day moving average is GBX 752.92 and its 200-day moving average is GBX 757.41. The stock’s market capitalization is GBX 25.36 billion.
In related news, insider Bill Winters sold 149,761 shares of Standard Chartered PLC stock in a transaction on Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.62), for a total value of £1,085,767.25 ($1,440,200.62).
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Standard Chartered PLC Company Profile
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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