Today, Goldman Sachs Group Inc. Reaffirmed Buy Rating for Standard Chartered PLC (STAN)

Today, Goldman Sachs Group Inc. Reaffirmed Buy Rating for Standard Chartered PLC (STAN)

Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reissued by equities research analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Friday. They presently have a GBX 840 ($10.49) price target on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 31.91% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Royal Bank Of Canada cut shares of Standard Chartered PLC to an “underperform” rating and boosted their target price for the company from GBX 460 ($5.75) to GBX 570 ($7.12) in a research report on Monday, October 24th. Citigroup Inc. restated a “buy” rating and issued a GBX 750 ($9.37) target price on shares of Standard Chartered PLC in a research report on Tuesday, August 9th. HSBC cut shares of Standard Chartered PLC to a “hold” rating and set a GBX 650 ($8.12) price objective for the company. in a research report on Wednesday, August 17th. BNP Paribas reiterated an “underperform” rating and set a GBX 550 ($6.87) price objective on shares of Standard Chartered PLC in a research report on Thursday, September 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Standard Chartered PLC from GBX 800 ($10.00) to GBX 870 ($10.87) and gave the stock an “overweight” rating in a research report on Monday, October 24th. Ten research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 587.28 ($7.34).

Shares of Standard Chartered PLC (LON:STAN) opened at 633.00 on Friday. The firm has a 50-day moving average of GBX 661.65 and a 200 day moving average of GBX 607.18. Standard Chartered PLC has a 12-month low of GBX 373.40 and a 12-month high of GBX 719.30. The firm’s market capitalization is GBX 20.77 billion.

In other news, insider José Viñals bought 2,000 shares of the stock in a transaction dated Wednesday, November 16th. The stock was bought at an average price of GBX 639 ($7.98) per share, for a total transaction of £12,780 ($15,967.02).

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