Todays Report: The Standard Chartered PLC’s (STAN) Underweight Rating Reiterate at Barclays PLC

The Standard Chartered PLC’s (STAN) Underweight Rating Reiterate at Barclays PLC

Standard Chartered PLC (LON:STAN)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Barclays PLC in a research note issued to investors on Wednesday. They currently have a GBX 520 ($6.50) price target on the stock. Barclays PLC’s price objective would suggest a potential downside of 18.05% from the stock’s previous close.

A number of other analysts have also recently weighed in on STAN. Morgan Stanley restated an “underweight” rating and issued a GBX 487 ($6.08) price target on shares of Standard Chartered PLC in a research note on Monday, July 11th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 450 ($5.62) price objective on shares of Standard Chartered PLC in a report on Friday, July 15th. Deutsche Bank AG dropped their price objective on Standard Chartered PLC from GBX 480 ($6.00) to GBX 474 ($5.92) and set a “sell” rating on the stock in a report on Monday, July 18th. JPMorgan Chase & Co. raised their price objective on Standard Chartered PLC from GBX 770 ($9.62) to GBX 800 ($10.00) and gave the stock an “overweight” rating in a report on Tuesday, July 26th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Standard Chartered PLC in a report on Wednesday, August 3rd. Ten research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 587.28 ($7.34).

Standard Chartered PLC (LON:STAN) traded down 0.36% during trading on Wednesday, reaching GBX 631.83. The company had a trading volume of 3,257,208 shares. The firm has a 50-day moving average of GBX 660.92 and a 200-day moving average of GBX 607.48. Standard Chartered PLC has a 1-year low of GBX 373.40 and a 1-year high of GBX 719.30. The stock’s market capitalization is GBX 20.73 billion.

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

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