Standard Chartered (LON:STAN) Stock Rating Reaffirmed by Citigroup

Standard Chartered (LON:STAN)‘s stock had its “buy” rating reissued by investment analysts at Citigroup in a research note issued to investors on Wednesday, December 6th.

A number of other research firms also recently issued reports on STAN. Deutsche Bank upped their target price on shares of Standard Chartered from GBX 668 ($8.93) to GBX 670 ($8.96) and gave the company a “sell” rating in a research report on Wednesday, October 25th. Societe Generale restated a “hold” rating on shares of Standard Chartered in a research report on Monday, October 23rd. Credit Suisse Group upped their target price on shares of Standard Chartered from GBX 615 ($8.22) to GBX 620 ($8.29) and gave the company an “underperform” rating in a research report on Tuesday, October 10th. Barclays restated an “underweight” rating on shares of Standard Chartered in a research report on Thursday, November 2nd. Finally, upped their target price on shares of Standard Chartered from GBX 620 ($8.29) to GBX 630 ($8.42) and gave the company a “reduce” rating in a research report on Thursday, November 2nd. Eight analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Standard Chartered presently has a consensus rating of “Hold” and an average target price of GBX 721.82 ($9.65).

Standard Chartered (LON:STAN) traded up GBX 2.36 ($0.03) during trading on Wednesday, reaching GBX 776.16 ($10.38). 2,220,000 shares of the company’s stock were exchanged, compared to its average volume of 5,670,000. Standard Chartered has a 52 week low of GBX 649.80 ($8.69) and a 52 week high of GBX 860 ($11.50).

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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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