UBS Group Reiterates Neutral Rating for Standard Chartered (STAN)

UBS Group restated their neutral rating on shares of Standard Chartered (LON:STAN) in a research note published on Thursday, www.digitallook.com reports. They currently have a GBX 595 ($7.77) price target on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Deutsche Bank cut their price objective on Standard Chartered from GBX 720 ($9.41) to GBX 675 ($8.82) and set a hold rating on the stock in a research note on Wednesday, August 1st. HSBC raised Standard Chartered to a hold rating and cut their price objective for the stock from GBX 680 ($8.89) to GBX 670 ($8.75) in a research note on Wednesday, August 1st. Citigroup reaffirmed a buy rating on shares of Standard Chartered in a research note on Wednesday, September 5th. Societe Generale reaffirmed a hold rating on shares of Standard Chartered in a research note on Monday, September 10th. Finally, Credit Suisse Group reaffirmed an underperform rating on shares of Standard Chartered in a research note on Thursday, August 23rd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 730.31 ($9.54).

Standard Chartered stock opened at GBX 609.40 ($7.96) on Thursday. 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 Standard Chartered news, insider José Viñals purchased 10,000 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were purchased 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 sold 152,207 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of GBX 641 ($8.38), for a total value of £975,646.87 ($1,274,855.44).

Standard Chartered Company Profile

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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