Standard Chartered PLC (STAN) Given Underperform Rating at Credit Suisse Group

Credit Suisse Group reaffirmed their underperform rating on shares of Standard Chartered PLC (LON:STAN) in a report released on Thursday. The firm currently has a GBX 610 ($8.02) target price on the financial services provider’s stock.

Several other equities research analysts have also weighed in on STAN. increased their price objective on shares of Standard Chartered PLC from GBX 620 ($8.15) to GBX 630 ($8.29) and gave the stock a reduce rating in a research note on Thursday, November 2nd. HSBC Holdings PLC increased their price objective on shares of Standard Chartered PLC from GBX 620 ($8.15) to GBX 630 ($8.29) and gave the stock a reduce rating in a research note on Thursday, November 2nd. increased their price objective on shares of Standard Chartered PLC from GBX 620 ($8.15) to GBX 630 ($8.29) and gave the stock a reduce rating in a research note on Thursday, November 2nd. Barclays PLC restated an underweight rating and issued a GBX 620 ($8.15) price target on shares of Standard Chartered PLC in a research note on Tuesday, November 14th. Finally, Deutsche Bank AG restated a sell rating and issued a GBX 668 ($8.79) price target on shares of Standard Chartered PLC in a research note on Tuesday, September 19th. Nine analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Standard Chartered PLC presently has a consensus rating of Hold and an average price target of GBX 694.50 ($9.13).

Shares of Standard Chartered PLC (LON:STAN) opened at GBX 717.50 ($9.44) on Thursday. Standard Chartered PLC has a 12 month low of GBX 621.50 ($8.17) and a 12 month high of GBX 860 ($11.31).

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In other Standard Chartered PLC news, insider Bill Winters sold 149,761 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.54), for a total value of £1,085,767.25 ($1,428,077.40).

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.

Analyst Recommendations for Standard Chartered PLC (LON:STAN)

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