The Standard Chartered PLC (STAN) Upgraded by Shore Capital to Buy

The Standard Chartered PLC (STAN) Upgraded by Shore Capital to Buy

Several other equities analysts also recently commented on STAN. Bank of America Corp upgraded Standard Chartered PLC to a “buy” rating and set a GBX 900 ($11.56) target price for the company in a research report on Tuesday, January 17th. Goldman Sachs Group Inc reiterated a “buy” rating and issued a GBX 1,000 ($12.85) target price (up from GBX 890 ($11.43)) on shares of Standard Chartered PLC in a research report on Thursday, February 2nd. Deutsche Bank AG increased their target price on Standard Chartered PLC from GBX 555 ($7.13) to GBX 600 ($7.71) and gave the company a “sell” rating in a research report on Friday, February 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a GBX 1,000 ($12.85) target price on shares of Standard Chartered PLC in a research report on Thursday, February 9th. Finally, Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 515 ($6.62) target price on shares of Standard Chartered PLC in a research report on Thursday, February 16th. Ten research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 678.89 ($8.72).

Standard Chartered PLC (LON:STAN) was upgraded by investment analysts at Shore Capital to a “buy” rating in a research note issued on Monday, May 15th.

Standard Chartered PLC (STAN) opened at 749.70 on Monday. Standard Chartered PLC has a 12 month low of GBX 471.34 and a 12 month high of GBX 821.60. The company has a 50-day moving average of GBX 727.68 and a 200-day moving average of GBX 719.61. The company’s market cap is GBX 24.57 billion.

In related news, insider Andrew Nigel (Andy) Halford sold 6,155 shares of Standard Chartered PLC stock in a transaction on Monday, March 20th. The stock was sold at an average price of GBX 727 ($9.34), for a total transaction 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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