Standard Chartered (STAN) PT Lowered to GBX 580

Standard Chartered (LON:STAN) had its price target lowered by equities researchers at Deutsche Bank from GBX 620 ($8.10) to GBX 580 ($7.58) in a report issued on Monday. The firm presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank’s target price points to a potential downside of 4.90% from the stock’s current price.

STAN has been the subject of a number of other research reports. UBS Group reiterated a “neutral” rating on shares of Standard Chartered in a research note on Monday, January 7th. Barclays decreased their target price on shares of Standard Chartered from GBX 685 ($8.95) to GBX 600 ($7.84) and set an “underweight” rating on the stock in a report on Thursday, November 1st. HSBC decreased their target price on shares of Standard Chartered from GBX 630 ($8.23) to GBX 610 ($7.97) and set a “hold” rating on the stock in a report on Thursday, November 1st. Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a report on Wednesday, October 31st. Finally, Credit Suisse Group decreased their price target on shares of Standard Chartered from GBX 545 ($7.12) to GBX 535 ($6.99) and set an “underperform” rating on the stock in a report on Wednesday, November 14th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Standard Chartered presently has an average rating of “Hold” and a consensus price target of GBX 727.23 ($9.50).

Shares of LON STAN opened at GBX 609.90 ($7.97) on Monday. Standard Chartered has a fifty-two week low of GBX 678.80 ($8.87) and a fifty-two week high of GBX 864.20 ($11.29).

In related news, insider Bill Winters acquired 140,000 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was purchased at an average price of GBX 576 ($7.53) per share, with a total value of £806,400 ($1,053,704.43). Also, insider José Viñals acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were bought at an average cost of GBX 582 ($7.60) per share, with a total value of £58,200 ($76,048.61).

Standard Chartered Company Profile

Standard Chartered PLC provides various banking products and services in the Greater China and North Asia, ASEAN and South Asia, Africa and the Middle East, and Europe and America. The company operates in four segments: Corporate & Institutional Banking, Private Banking, Commercial Banking, and Retail Banking.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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