Citigroup Reiterates “Buy” Rating for Standard Chartered (STAN)

Standard Chartered (LON:STAN)‘s stock had its “buy” rating restated by equities research analysts at Citigroup in a report released on Wednesday.

Several other brokerages also recently weighed in on STAN. Credit Suisse Group cut their price target on Standard Chartered from GBX 620 ($8.34) to GBX 610 ($8.21) and set an “underperform” rating for the company in a report on Friday, November 3rd. Barclays reiterated an “underweight” rating and issued a GBX 620 ($8.34) price target on shares of Standard Chartered in a report on Tuesday, November 14th. Deutsche Bank reiterated a “sell” rating and issued a GBX 668 ($8.99) price target on shares of Standard Chartered in a report on Tuesday, September 19th. Berenberg Bank cut their price target on Standard Chartered from GBX 725 ($9.76) to GBX 700 ($9.42) and set a “hold” rating for the company in a report on Wednesday, September 20th. Finally, Shore Capital reiterated a “buy” rating on shares of Standard Chartered in a report on Tuesday, November 28th. Eight equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Standard Chartered has an average rating of “Hold” and an average target price of GBX 721.82 ($9.71).

Standard Chartered (LON STAN) opened at GBX 753.30 ($10.14) on Wednesday. Standard Chartered has a twelve month low of GBX 646.40 ($8.70) and a twelve month high of GBX 860 ($11.57).

In related news, insider Bill Winters sold 149,761 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.76), for a total transaction of £1,085,767.25 ($1,461,328.73).

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Standard Chartered 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.

Analyst Recommendations for Standard Chartered (LON:STAN)

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