Standard Chartered (STAN) Trading Up 1.8%
Shares of Standard Chartered PLC (LON:STAN) were up 1.8% on Monday . The company traded as high as GBX 806 ($11.14) and last traded at GBX 802.40 ($11.09). Approximately 5,197,220 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 6,170,000 shares. The stock had previously closed at GBX 788.10 ($10.89).
A number of analysts recently weighed in on STAN shares. Credit Suisse Group restated an “underperform” rating and issued a GBX 610 ($8.43) price target on shares of Standard Chartered in a research note on Monday, November 27th. Societe Generale restated a “hold” rating on shares of Standard Chartered in a research note on Monday, October 23rd. Goldman Sachs Group set a GBX 980 ($13.54) price target on Standard Chartered and gave the company a “buy” rating in a research note on Thursday, January 25th. Berenberg Bank upgraded Standard Chartered to a “buy” rating and lifted their price target for the company from GBX 700 ($9.67) to GBX 920 ($12.71) in a research note on Monday, February 5th. Finally, Deutsche Bank lifted their price target on Standard Chartered from GBX 668 ($9.23) to GBX 670 ($9.26) and gave the company a “sell” rating in a research note on Wednesday, October 25th. Seven equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 733.07 ($10.13).
Standard Chartered 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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