The Investec Downgrades Standard Chartered PLC (STAN) to Sell

The Investec Downgrades Standard Chartered PLC (STAN) to Sell

Other equities analysts have also issued research reports about the company. Citigroup Inc reaffirmed a buy rating on shares of Standard Chartered PLC in a research note on Friday, April 21st. Shore Capital reaffirmed a hold rating on shares of Standard Chartered PLC in a research note on Thursday, April 27th. Goldman Sachs Group Inc set a GBX 1,000 ($12.85) price target on Standard Chartered PLC and gave the company a buy rating in a research note on Thursday, April 27th. Barclays PLC upped their price target on Standard Chartered PLC from GBX 520 ($6.68) to GBX 575 ($7.39) and gave the company an underweight rating in a research note on Monday, March 6th. Finally, HSBC Holdings plc lowered Standard Chartered PLC to a reduce rating and decreased their price target for the company from GBX 650 ($8.35) to GBX 640 ($8.22) in a research note on Tuesday, May 2nd. Ten equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 678.89 ($8.72).

Investec downgraded shares of Standard Chartered PLC (LON:STAN) to a sell rating in a report issued on Friday, May 12th. Investec currently has GBX 690 ($8.86) target price on the financial services provider’s stock, up from their prior target price of GBX 685 ($8.80).

In other news, insider Andrew Nigel (Andy) Halford sold 6,155 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of GBX 727 ($9.34), for a total value of £44,746.85 ($57,478.29). Standard Chartered PLC Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:STAN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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