Shares of Standard Chartered PLC (LON:STAN) have been assigned an average recommendation of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 561.11 ($6.91).
A number of research firms recently issued reports on STAN. Deutsche Bank reaffirmed a “hold” rating on shares of Standard Chartered in a research note on Friday. Jefferies Financial Group raised shares of Standard Chartered to a “buy” rating and increased their price target for the stock from GBX 438 ($5.39) to GBX 575 ($7.08) in a research report on Monday, June 1st. Berenberg Bank restated a “buy” rating on shares of Standard Chartered in a research note on Thursday, July 2nd. Canaccord Genuity reduced their target price on shares of Standard Chartered from GBX 590 ($7.26) to GBX 550 ($6.77) and set a “buy” rating for the company in a report on Tuesday, June 2nd. Finally, BNP Paribas raised shares of Standard Chartered to a “neutral” rating and decreased their price objective for the stock from GBX 520 ($6.40) to GBX 500 ($6.15) in a research note on Monday, May 25th.
In other Standard Chartered news, insider Bill Winters sold 16,470 shares of Standard Chartered stock in a transaction dated Monday, May 4th. The stock was sold at an average price of GBX 391 ($4.81), for a total value of £64,397.70 ($79,248.95). Also, insider Byron Elmer Grote acquired 2,447 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of GBX 470 ($5.78) per share, with a total value of £11,500.90 ($14,153.21).
About Standard Chartered
Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.
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