Standard Chartered’s (STAN) Neutral Rating Reiterated at UBS Group

UBS Group reissued their neutral rating on shares of Standard Chartered (LON:STAN) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also commented on STAN. Bank of America reaffirmed a buy rating on shares of Standard Chartered in a report on Thursday, April 18th. Royal Bank of Canada lowered shares of Standard Chartered to an underperform rating and raised their price target for the stock from GBX 460 ($6.01) to GBX 580 ($7.58) in a report on Tuesday, April 30th. Morgan Stanley reissued an underweight rating on shares of Standard Chartered in a report on Friday, July 26th. JPMorgan Chase & Co. reissued a top pick rating on shares of Standard Chartered in a report on Thursday, July 4th. Finally, Barclays reissued an underweight rating on shares of Standard Chartered in a report on Wednesday, July 17th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 712.07 ($9.30).

STAN stock opened at GBX 676.80 ($8.84) on Monday. Standard Chartered has a 52 week low of GBX 514.20 ($6.72) and a 52 week high of GBX 742.60 ($9.70). The firm’s fifty day simple moving average is GBX 707.43. The company has a market cap of $21.84 billion and a price-to-earnings ratio of 36.58.

In related news, insider Andrew Nigel (Andy) Halford bought 23,701 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was purchased at an average cost of GBX 703 ($9.19) per share, with a total value of £166,618.03 ($217,715.97).

About Standard Chartered

Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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