Standard Chartered PLC (LON:STAN) shares rose 0.2% during trading on Thursday . The stock traded as high as GBX 756 ($10.17) and last traded at GBX 751.90 ($10.12). Approximately 5,574,993 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 7,390,000 shares. The stock had previously closed at GBX 750.51 ($10.10).
STAN has been the topic of several recent analyst reports. Citigroup reiterated a “buy” rating and issued a GBX 860 ($11.57) target price on shares of Standard Chartered in a report on Wednesday, November 22nd. Shore Capital restated a “buy” rating on shares of Standard Chartered in a report on Tuesday, November 28th. Societe Generale restated a “hold” rating on shares of Standard Chartered in a report on Monday, October 23rd. Deutsche Bank upgraded shares of Standard Chartered to a “hold” rating and dropped their price objective for the stock from GBX 670 ($9.02) to GBX 653 ($8.79) in a report on Thursday, November 2nd. Finally, Berenberg Bank dropped their price objective on shares of Standard Chartered from GBX 725 ($9.76) to GBX 700 ($9.42) and set a “hold” rating on the stock in a report on Wednesday, September 20th. Nine investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Standard Chartered currently has an average rating of “Hold” and an average target price of GBX 698.39 ($9.40).
In other news, insider Bill Winters sold 149,761 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.76), for a total transaction of £1,085,767.25 ($1,461,328.73).
Standard Chartered 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.
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