Standard Chartered (STAN) Given a GBX 980 Price Target at Goldman Sachs Group
Goldman Sachs Group set a GBX 980 ($13.29) price objective on Standard Chartered (LON:STAN) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the financial services provider’s stock.
Several other research firms have also issued reports on STAN. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 900 ($12.21) target price on shares of Standard Chartered in a research note on Friday, December 15th. Credit Suisse Group lowered their target price on shares of Standard Chartered from GBX 620 ($8.41) to GBX 610 ($8.27) and set an underperform rating on the stock in a research note on Friday, November 3rd. Barclays reissued an underweight rating and set a GBX 620 ($8.41) target price on shares of Standard Chartered in a research note on Tuesday, November 14th. Citigroup reissued a buy rating on shares of Standard Chartered in a research note on Wednesday, December 6th. Finally, Deutsche Bank raised shares of Standard Chartered to a hold rating and lowered their target price for the stock from GBX 670 ($9.09) to GBX 653 ($8.86) in a research note on Thursday, November 2nd. Seven equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Standard Chartered presently has an average rating of Hold and an average price target of GBX 736.20 ($9.98).
Shares of Standard Chartered (LON STAN) opened at GBX 855.50 ($11.60) on Thursday. Standard Chartered has a 12 month low of GBX 678.80 ($9.21) and a 12 month high of GBX 860 ($11.66).
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Standard Chartered PLC is an international banking company. The Banks’s segments include Corporate & Institutional Banking, Retail Banking, Commercial Banking and Private Banking. Its Corporate & Institutional Banking segment allows companies and financial institutions to operate and trade globally, and its Private Banking segment supports high net worth individuals with their banking needs across borders and offers access to global investment opportunities.
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