Standard Chartered PLC (STAN) Stock Rating Reaffirmed by Goldman Sachs Group Inc

Goldman Sachs Group Inc reaffirmed their buy rating on shares of Standard Chartered PLC (LON:STAN) in a report published on Wednesday, May 10th. They currently have a GBX 1,000 ($12.91) price target on the financial services provider’s stock.

Other analysts have also recently issued reports about the company. Citigroup Inc reiterated a buy rating on shares of Standard Chartered PLC in a report on Friday, April 21st. Shore Capital reiterated a hold rating on shares of Standard Chartered PLC in a report on Thursday, April 27th. Barclays PLC boosted their price target on Standard Chartered PLC from GBX 520 ($6.71) to GBX 575 ($7.42) and gave the company an underweight rating in a research note on Monday, March 6th. HSBC Holdings plc lowered Standard Chartered PLC to a reduce rating and dropped their price target for the company from GBX 650 ($8.39) to GBX 640 ($8.26) in a research note on Tuesday, May 2nd. Finally, Deutsche Bank AG set a GBX 620 ($8.00) target price on Standard Chartered PLC and gave the stock a sell rating in a research report on Monday, March 6th. Ten 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 target price of GBX 679.17 ($8.77).

Standard Chartered PLC (LON:STAN) traded down 0.41% during mid-day trading on Wednesday, hitting GBX 736.00. 7,355,105 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 730.44 and a 200 day moving average of GBX 713.91. The stock’s market capitalization is GBX 24.12 billion. Standard Chartered PLC has a 52 week low of GBX 471.34 and a 52 week high of GBX 821.60.

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In other news, insider Andrew Nigel (Andy) Halford sold 6,155 shares of the company’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of GBX 727 ($9.38), for a total value of £44,746.85 ($57,760.23).

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.

12 Month Chart for LON:STAN

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