UBS Group reaffirmed their neutral rating on shares of Standard Chartered (LON:STAN) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 670 ($8.75) target price on the financial services provider’s stock, down from their previous target price of GBX 695 ($9.08).
A number of other equities analysts have also weighed in on STAN. Barclays restated an underweight rating on shares of Standard Chartered in a research report on Wednesday, July 17th. Royal Bank of Canada lowered shares of Standard Chartered to an underperform rating and upped their target price for the stock from GBX 460 ($6.01) to GBX 580 ($7.58) in a research report on Tuesday, April 30th. Morgan Stanley restated an underweight rating on shares of Standard Chartered in a research report on Friday, July 26th. Investec lowered shares of Standard Chartered to a sell rating in a research report on Friday, June 28th. Finally, Shore Capital reiterated a buy rating on shares of Standard Chartered in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Standard Chartered has a consensus rating of Hold and an average target price of GBX 708.77 ($9.26).
Shares of LON:STAN opened at GBX 610.60 ($7.98) on Tuesday. The firm has a fifty day moving average price of GBX 690.32 and a 200 day moving average price of GBX 661.60. Standard Chartered has a fifty-two week low of GBX 514.20 ($6.72) and a fifty-two week high of GBX 742.60 ($9.70). The firm has a market cap of $19.40 billion and a price-to-earnings ratio of 38.40.
In other Standard Chartered news, insider Andrew Nigel (Andy) Halford acquired 23,701 shares of the stock in a transaction on Monday, June 24th. The stock was acquired at an average price of GBX 703 ($9.19) per share, for a total transaction of £166,618.03 ($217,715.97).
Standard Chartered Company Profile
Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.
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