Standard Chartered PLC (STAN) Stock Price Down 1%
Shares of Standard Chartered PLC (LON:STAN) were down 1% during mid-day trading on Thursday . The stock traded as low as GBX 746.60 ($9.92) and last traded at GBX 748.70 ($9.95). Approximately 7,370,878 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 6,556,990 shares. The stock had previously closed at GBX 756.50 ($10.05).
Several analysts have issued reports on STAN shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 960 ($12.76) price target on shares of Standard Chartered PLC in a research note on Wednesday, June 28th. BNP Paribas reissued a “neutral” rating and issued a GBX 750 ($9.97) price target on shares of Standard Chartered PLC in a research note on Wednesday, July 19th. Citigroup Inc. reissued a “buy” rating on shares of Standard Chartered PLC in a research note on Friday, July 21st. Deutsche Bank AG lifted their price target on Standard Chartered PLC from GBX 642 ($8.53) to GBX 674 ($8.96) and gave the company a “sell” rating in a research note on Tuesday, July 25th. Finally, HSBC Holdings plc reissued a “reduce” rating and issued a GBX 620 ($8.24) price target on shares of Standard Chartered PLC in a research note on Monday, September 18th. 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. The company currently has a consensus rating of “Hold” and an average price target of GBX 700.35 ($9.31).
The firm’s market capitalization is GBX 24.61 billion. The company has a 50-day moving average price of GBX 751.36 and a 200-day moving average price of GBX 758.85.
In other Standard Chartered PLC news, insider Bill Winters sold 149,761 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.63), for a total value of £1,085,767.25 ($1,442,688.35).
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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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