Standard Chartered PLC’s (STAN) “Buy” Rating Reiterated at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reiterated their buy rating on shares of Standard Chartered PLC (LON:STAN) in a research report released on Friday. The brokerage currently has a GBX 840 ($10.42) price objective on the stock.
Several other brokerages have also recently weighed in on STAN. Shore Capital reiterated a hold rating on shares of Standard Chartered PLC in a research note on Wednesday, August 3rd. HSBC cut shares of Standard Chartered PLC to a hold rating and set a GBX 650 ($8.06) price objective for the company. in a research note on Wednesday, August 17th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 800 ($9.92) price objective on shares of Standard Chartered PLC in a research note on Thursday, August 4th. S&P Global Inc. set a GBX 650 ($8.06) price objective on shares of Standard Chartered PLC and gave the stock a neutral rating in a research note on Thursday, August 4th. Finally, Societe Generale reiterated a hold rating and issued a GBX 620 ($7.69) price objective on shares of Standard Chartered PLC in a research note on Thursday, August 4th. Eleven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 584.39 ($7.25).
Standard Chartered PLC (LON:STAN) opened at 629.40 on Friday. Standard Chartered PLC has a 12 month low of GBX 373.40 and a 12 month high of GBX 719.30. The firm’s market cap is GBX 20.65 billion. The stock’s 50 day moving average is GBX 659.87 and its 200-day moving average is GBX 610.01.
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In other news, insider José Viñals acquired 2,000 shares of Standard Chartered PLC stock in a transaction dated Wednesday, November 16th. The shares were bought at an average cost of GBX 639 ($7.93) per share, with a total value of £12,780 ($15,854.11).
About Standard Chartered PLC
Standard Chartered PLC is an international banking company. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. Its segments include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients. Its Corporate and Institutional clients segment consists of global corporates, local corporates and financial Institutions.
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