Standard Chartered PLC (STAN) Given a GBX 750 Price Target at UBS AG

UBS AG set a GBX 750 ($9.89) price objective on Standard Chartered PLC (LON:STAN) in a research report sent to investors on Wednesday morning, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the financial services provider’s stock.

STAN has been the subject of several other research reports. Deutsche Bank AG upped their price target on Standard Chartered PLC from GBX 642 ($8.47) to GBX 674 ($8.89) and gave the company a sell rating in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a GBX 950 ($12.53) price objective on shares of Standard Chartered PLC in a research note on Monday, May 29th. BNP Paribas reiterated a neutral rating and issued a GBX 750 ($9.89) price objective on shares of Standard Chartered PLC in a research note on Wednesday, July 19th. Shore Capital reiterated a hold rating on shares of Standard Chartered PLC in a research note on Thursday, April 27th. Finally, Barclays PLC upped their price objective on Standard Chartered PLC from GBX 575 ($7.58) to GBX 620 ($8.18) and gave the company an underweight rating in a research note on Friday, May 26th. Eight analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 702.71 ($9.27).

Shares of Standard Chartered PLC (STAN) traded up 1.51% during midday trading on Wednesday, hitting GBX 802.50. The company had a trading volume of 6,388,428 shares. Standard Chartered PLC has a one year low of GBX 578.10 and a one year high of GBX 821.60. The firm’s market cap is GBX 32.54 billion. The company’s 50 day moving average is GBX 792.36 and its 200 day moving average is GBX 758.57.

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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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