Standard Chartered PLC (STAN) Trading Down 0.8%

Shares of Standard Chartered PLC (LON:STAN) traded down 0.8% during trading on Thursday . The company traded as low as GBX 755.30 ($9.93) and last traded at GBX 758.50 ($9.97). 4,187,021 shares were traded during mid-day trading, a decline of 36% from the average session volume of 6,556,670 shares. The stock had previously closed at GBX 765 ($10.06).

A number of analysts have recently commented on the company. Credit Suisse Group set a GBX 615 ($8.09) price target on Standard Chartered PLC and gave the stock a “sell” rating in a research report on Wednesday, August 2nd. UBS AG set a GBX 750 ($9.86) price objective on shares of Standard Chartered PLC and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Citigroup Inc. restated a “buy” rating on shares of Standard Chartered PLC in a report on Friday, July 21st. Deutsche Bank AG boosted their price objective on shares of Standard Chartered PLC from GBX 642 ($8.44) to GBX 674 ($8.86) and gave the stock a “sell” rating in a report on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Standard Chartered PLC from GBX 960 ($12.62) to GBX 970 ($12.75) and gave the stock a “buy” rating in a report on Tuesday, July 18th. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 700.35 ($9.21).

The stock’s market capitalization is GBX 24.93 billion. The firm has a 50-day moving average of GBX 754.39 and a 200 day moving average of GBX 758.90.

In other Standard Chartered PLC news, insider Bill Winters sold 149,761 shares of Standard Chartered PLC stock in a transaction on Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.53), for a total value of £1,085,767.25 ($1,427,514.13).

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Standard Chartered PLC Company Profile

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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