Standard Chartered PLC (LON:STAN) Price Target Raised to GBX 970

Standard Chartered PLC (LON:STAN) had its target price lifted by Goldman Sachs Group, Inc. (The) from GBX 960 ($12.66) to GBX 970 ($12.80) in a report issued on Tuesday, July 18th, Marketbeat.com reports. They currently have a buy rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. Citigroup Inc. reiterated a buy rating on shares of Standard Chartered PLC in a report on Friday, April 21st. Shore Capital reiterated a hold rating on shares of Standard Chartered PLC in a report on Thursday, April 27th. Investec lowered shares of Standard Chartered PLC to a sell rating and raised their price target for the company from GBX 685 ($9.04) to GBX 690 ($9.10) in a research report on Friday, May 12th. HSBC Holdings plc lowered shares of Standard Chartered PLC to a reduce rating and dropped their price target for the company from GBX 650 ($8.57) to GBX 640 ($8.44) in a research report on Tuesday, May 2nd. Finally, Berenberg Bank lowered shares of Standard Chartered PLC to a hold rating and dropped their price target for the company from GBX 750 ($9.89) to GBX 725 ($9.56) in a research report on Thursday, March 23rd. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 702.71 ($9.27).

Shares of Standard Chartered PLC (LON STAN) opened at 802.50 on Tuesday. The stock has a 50 day moving average of GBX 792.36 and a 200-day moving average of GBX 758.57. The company’s market capitalization is GBX 32.54 billion. Standard Chartered PLC has a one year low of GBX 578.10 and a one 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.