Standard Chartered PLC (LON:STAN) had its price target cut by Deutsche Bank AG from GBX 674 ($8.89) to GBX 668 ($8.81) in a report published on Thursday morning, Marketbeat reports. They currently have a sell rating on the financial services provider’s stock.
Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a GBX 960 ($12.66) price objective on shares of Standard Chartered PLC in a research report on Wednesday, June 28th. Credit Suisse Group set a GBX 615 ($8.11) price objective on Standard Chartered PLC and gave the company a sell rating in a research report on Wednesday. Citigroup Inc. reiterated a buy rating on shares of Standard Chartered PLC in a research report on Friday, April 21st. Shore Capital restated a hold rating on shares of Standard Chartered PLC in a report on Thursday, April 27th. Finally, Investec lowered Standard Chartered PLC to a sell rating and increased their target price for the company from GBX 685 ($9.04) to GBX 690 ($9.10) in a report on Friday, May 12th. Eight research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Standard Chartered PLC presently has a consensus rating of Hold and an average target price of GBX 699.78 ($9.23).
Standard Chartered PLC (LON:STAN) traded up 1.51% during trading on Thursday, hitting GBX 802.50. The stock had a trading volume of 6,388,428 shares. The firm’s 50-day moving average price is GBX 792.36 and its 200-day moving average price is GBX 758.57. The stock’s market cap is GBX 26.30 billion. Standard Chartered PLC has a 1-year low of GBX 578.10 and a 1-year high of GBX 821.60.
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About Standard Chartered PLC
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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