Trade Report: Today, Standard Chartered PLC’s (STAN) “Sell” Rating Reaffirm at Deutsche Bank AG

Today, Standard Chartered PLC’s (STAN) “Sell” Rating Reaffirm at Deutsche Bank AG

Deutsche Bank AG reissued their sell rating on shares of Standard Chartered PLC (LON:STAN) in a report released on Thursday. They currently have a GBX 555 ($6.93) price target on the stock.

Other analysts also recently issued research reports about the stock. Shore Capital reaffirmed a hold rating on shares of Standard Chartered PLC in a research report on Wednesday, August 3rd. HSBC downgraded 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. Goldman Sachs Group Inc. reaffirmed a buy rating and issued a GBX 740 ($9.25) price objective on shares of Standard Chartered PLC in a research report on Friday, August 5th. S&P Global Inc. set a GBX 650 ($8.12) price objective on shares of Standard Chartered PLC and gave the company a neutral rating in a research report on Thursday, August 4th. Finally, Societe Generale reaffirmed a hold rating and issued a GBX 620 ($7.75) price objective on shares of Standard Chartered PLC in a research report on Thursday, August 4th. Ten analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 587.28 ($7.34).

Standard Chartered PLC (LON:STAN) opened at 632.4637 on Thursday. The firm has a 50-day moving average of GBX 661.65 and a 200 day moving average of GBX 607.18. The firm’s market capitalization is GBX 20.75 billion. Standard Chartered PLC has a 52 week low of GBX 373.40 and a 52 week high of GBX 719.30.

In related news, insider José Viñals bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average cost of GBX 639 ($7.98) per share, for a total transaction of £12,780 ($15,967.02).

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