Standard Chartered PLC (STAN) Receives GBX 695.57 Consensus Price Target from Brokerages

Standard Chartered PLC (LON:STAN) has earned a consensus rating of “Hold” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 689.36 ($9.10).

STAN has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) set a GBX 970 ($12.80) target price on shares of Standard Chartered PLC and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Citigroup Inc. reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Friday, July 21st. Berenberg Bank decreased their price target on shares of Standard Chartered PLC from GBX 725 ($9.57) to GBX 700 ($9.24) and set a “hold” rating on the stock in a report on Wednesday, September 20th. Societe Generale reissued a “hold” rating on shares of Standard Chartered PLC in a report on Monday, October 23rd. Finally, Deutsche Bank AG raised shares of Standard Chartered PLC to a “hold” rating and decreased their price target for the stock from GBX 670 ($8.84) to GBX 653 ($8.62) in a report on Thursday.

Standard Chartered PLC (STAN) traded down GBX 2.37 ($0.03) during midday trading on Wednesday, reaching GBX 723.43 ($9.55). 6,250,000 shares of the company’s stock traded hands, compared to its average volume of 6,870,000. Standard Chartered PLC has a fifty-two week low of GBX 609.60 ($8.04) and a fifty-two week high of GBX 860 ($11.35).

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In other news, insider Bill Winters sold 149,761 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.57), for a total value of £1,085,767.25 ($1,432,788.66).

About Standard Chartered PLC

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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