Standard Chartered PLC’s (STAN) “Buy” Rating Reaffirmed at Citigroup Inc

Citigroup Inc reaffirmed their buy rating on shares of Standard Chartered PLC (LON:STAN) in a research report released on Thursday. The firm currently has a GBX 890 ($11.20) target price on the financial services provider’s stock.

STAN has been the subject of several other research reports. Bank of America Corp raised shares of Standard Chartered PLC to a buy rating and set a GBX 900 ($11.33) target price for the company in a report on Tuesday, January 17th. Barclays PLC lifted their target price on shares of Standard Chartered PLC from GBX 301 ($3.79) to GBX 330 ($4.15) and gave the stock an underweight rating in a report on Monday, December 12th. Sanford C. Bernstein reaffirmed an outperform rating and set a GBX 1,000 ($12.59) target price on shares of Standard Chartered PLC in a report on Thursday, February 9th. Jefferies Group LLC lifted their target price on shares of Standard Chartered PLC from GBX 330 ($4.15) to GBX 348 ($4.38) and gave the stock an underperform rating in a report on Monday, January 9th. Finally, Goldman Sachs Group Inc reaffirmed a buy rating and set a GBX 1,000 ($12.59) target price (up previously from GBX 890 ($11.20)) on shares of Standard Chartered PLC in a report on Thursday, February 2nd. Eight research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 677.22 ($8.52).

Shares of Standard Chartered PLC (LON:STAN) traded down 0.01% during midday trading on Thursday, reaching GBX 685.90. 9,058,638 shares of the company were exchanged. The stock has a 50-day moving average price of GBX 734.95 and a 200 day moving average price of GBX 706.13. Standard Chartered PLC has a 52-week low of GBX 471.34 and a 52-week high of GBX 821.60. The company’s market capitalization is GBX 22.48 billion.

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In other Standard Chartered PLC news, insider Andrew Nigel (Andy) Halford sold 6,155 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of GBX 727 ($9.15), for a total transaction of £44,746.85 ($56,320.77).

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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