Shares of Standard Chartered PLC (LON:STAN – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 2,278.
A number of analysts have weighed in on STAN shares. JPMorgan Chase & Co. increased their target price on Standard Chartered from GBX 2,270 to GBX 2,330 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Citigroup upped their price target on shares of Standard Chartered from GBX 2,130 to GBX 2,230 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,450 price target on shares of Standard Chartered in a research note on Thursday, July 30th. Shore Capital Group upgraded shares of Standard Chartered to a “sell” rating in a report on Friday, May 1st. Finally, UBS Group reissued a “buy” rating and issued a GBX 2,130 price objective on shares of Standard Chartered in a research report on Monday, May 18th.
Check Out Our Latest Stock Analysis on Standard Chartered
Standard Chartered Stock Down 0.2%
Insider Activity at Standard Chartered
In related news, Chief Group Executive Bill Winters purchased 300,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of GBX 2,221 per share, with a total value of £6,663,000. Company insiders own 0.39% of the company’s stock.
Standard Chartered Company Profile
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.
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