Credit Suisse Group Lowers Standard Chartered PLC (STAN) Price Target to GBX 610
Standard Chartered PLC (LON:STAN) had its target price trimmed by Credit Suisse Group from GBX 620 ($8.15) to GBX 610 ($8.02) in a research report report published on Friday morning, MarketBeat Ratings reports. The firm currently has an underperform rating on the financial services provider’s stock.
A number of other research firms also recently weighed in on STAN. Deutsche Bank AG reiterated a sell rating and set a GBX 668 ($8.79) target price on shares of Standard Chartered PLC in a research report on Tuesday, September 19th. Berenberg Bank cut their target price on Standard Chartered PLC from GBX 725 ($9.54) to GBX 700 ($9.21) and set a hold rating for the company in a research report on Wednesday, September 20th. Barclays PLC restated an underweight rating on shares of Standard Chartered PLC in a research report on Thursday, August 3rd. UBS AG set a GBX 750 ($9.86) price objective on Standard Chartered PLC and gave the stock a neutral rating in a research report on Wednesday, August 2nd. Finally, Societe Generale restated a hold rating on shares of Standard Chartered PLC in a research report on Monday, October 23rd. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 697.56 ($9.17).
Shares of Standard Chartered PLC (STAN) opened at GBX 718.60 ($9.45) on Friday. Standard Chartered PLC has a 1 year low of GBX 609.60 ($8.02) and a 1 year high of GBX 860 ($11.31).
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In other Standard Chartered PLC news, insider Bill Winters sold 149,761 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of GBX 725 ($9.54), for a total value of £1,085,767.25 ($1,428,077.40).
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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