Trading Report: Today, Standard Chartered PLC (STAN) Stock Rating Reaffirm by JPMorgan Chase & Co.

Today, Standard Chartered PLC (STAN) Stock Rating Reaffirm by JPMorgan Chase & Co.

Standard Chartered PLC (LON:STAN)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a note issued to investors on Wednesday. They presently have a GBX 870 ($10.79) target price on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 39.38% from the company’s previous close.

Several other equities analysts also recently commented on the company. Societe Generale restated a “hold” rating and issued a GBX 660 ($8.19) price objective on shares of Standard Chartered PLC in a research report on Wednesday, November 2nd. Deutsche Bank AG boosted their price objective on Standard Chartered PLC from GBX 479 ($5.94) to GBX 574 ($7.12) and gave the company a “sell” rating in a research report on Tuesday, October 25th. Royal Bank Of Canada downgraded Standard Chartered PLC to an “underperform” rating and boosted their price objective for the company from GBX 460 ($5.71) to GBX 570 ($7.07) in a research report on Monday, October 24th. BNP Paribas restated an “underperform” rating and issued a GBX 550 ($6.82) price objective on shares of Standard Chartered PLC in a research report on Tuesday, October 4th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Standard Chartered PLC in a report on Wednesday, August 31st. Ten equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Standard Chartered PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 587.28 ($7.29).

Standard Chartered PLC (LON:STAN) traded down 0.71% during midday trading on Wednesday, reaching GBX 630.00. The company’s stock had a trading volume of 5,867,051 shares. The company’s 50-day moving average is GBX 659.87 and its 200 day moving average is GBX 610.01. The firm’s market cap is GBX 20.67 billion. Standard Chartered PLC has a 12-month low of GBX 373.40 and a 12-month high of GBX 719.30.

In related news, insider José Viñals bought 2,000 shares of the stock in a transaction on Wednesday, November 16th. The stock was bought at an average price of GBX 639 ($7.93) per share, for a total transaction of £12,780 ($15,854.11).

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