Standard Chartered PLC (STAN) Given Consensus Rating of “Hold” by Brokerages

Standard Chartered PLC (LON:STAN) has earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 752.54 ($10.55).

A number of equities analysts have recently commented on the stock. HSBC reissued a “reduce” rating and issued a GBX 630 ($8.83) target price on shares of Standard Chartered in a research note on Monday, January 29th. Goldman Sachs Group set a GBX 980 ($13.74) target price on shares of Standard Chartered and gave the company a “buy” rating in a research note on Thursday, January 25th. UBS Group set a GBX 760 ($10.66) target price on shares of Standard Chartered and gave the company a “neutral” rating in a research note on Monday, January 15th. Berenberg Bank raised shares of Standard Chartered to a “buy” rating and raised their target price for the company from GBX 700 ($9.81) to GBX 920 ($12.90) in a research note on Monday. Finally, Deutsche Bank reissued a “hold” rating and issued a GBX 653 ($9.16) target price on shares of Standard Chartered in a research note on Monday.

Standard Chartered (LON STAN) opened at GBX 797.50 ($11.18) on Friday. Standard Chartered has a one year low of GBX 678.80 ($9.52) and a one year high of GBX 860 ($12.06).

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About Standard Chartered

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.

Analyst Recommendations for Standard Chartered (LON:STAN)

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