Standard Chartered PLC (STAN) Given Average Recommendation of “Hold” by Brokerages

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Shares of Standard Chartered PLC (LON:STAN) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 756.93 ($10.08).

A number of research firms have recently weighed in on STAN. Citigroup dropped their target price on Standard Chartered from GBX 915 ($12.18) to GBX 910 ($12.12) and set a “buy” rating for the company in a research report on Friday, June 8th. Barclays set a GBX 650 ($8.65) target price on Standard Chartered and gave the stock a “sell” rating in a research report on Thursday, May 3rd. Goldman Sachs Group set a GBX 980 ($13.05) price objective on Standard Chartered and gave the company a “buy” rating in a report on Thursday, May 3rd. Shore Capital reiterated a “buy” rating and issued a GBX 769 ($10.24) price objective on shares of Standard Chartered in a report on Wednesday, May 2nd. Finally, UBS Group set a GBX 800 ($10.65) price objective on Standard Chartered and gave the company a “neutral” rating in a report on Thursday, May 3rd.

In other Standard Chartered news, insider Andrew Nigel (Andy) Halford sold 6,215 shares of the business’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of GBX 761 ($10.13), for a total value of £47,296.15 ($62,969.18).

STAN stock opened at GBX 724.10 ($9.64) on Thursday. Standard Chartered has a twelve month low of GBX 678.80 ($9.04) and a twelve month high of GBX 864.20 ($11.51).

About Standard Chartered

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.

Analyst Recommendations for Standard Chartered (LON:STAN)

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