Standard Chartered’s (STAN) “Neutral” Rating Reaffirmed at UBS Group

UBS Group restated their neutral rating on shares of Standard Chartered (LON:STAN) in a research report sent to investors on Monday morning, investing.thisismoney.co.uk reports.

STAN has been the subject of a number of other reports. Credit Suisse Group reissued an underperform rating on shares of Standard Chartered in a research note on Thursday, September 20th. Societe Generale reissued a hold rating on shares of Standard Chartered in a research note on Monday, September 10th. Goldman Sachs Group decreased their price target on Standard Chartered from GBX 970 ($12.67) to GBX 945 ($12.35) and set a conviction-buy rating for the company in a research note on Wednesday, September 12th. Citigroup decreased their price target on Standard Chartered from GBX 910 ($11.89) to GBX 850 ($11.11) and set a buy rating for the company in a research note on Tuesday, October 2nd. Finally, Shore Capital reissued a buy rating on shares of Standard Chartered in a research note on Tuesday, October 2nd. Four research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 730.31 ($9.54).

Shares of Standard Chartered stock opened at GBX 621 ($8.11) on Monday. Standard Chartered has a one year low of GBX 678.80 ($8.87) and a one year high of GBX 864.20 ($11.29).

In other news, insider José Viñals bought 10,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was acquired at an average cost of GBX 582 ($7.60) per share, with a total value of £58,200 ($76,048.61). Also, insider Bill Winters bought 140,000 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were purchased at an average cost of GBX 576 ($7.53) per share, with a total value of £806,400 ($1,053,704.43).

About Standard Chartered

Standard Chartered PLC provides various banking products and services in the Greater China and North Asia, ASEAN and South Asia, Africa and the Middle East, and Europe and America. The company operates in four segments: Corporate & Institutional Banking, Private Banking, Commercial Banking, and Retail Banking.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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