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

Citigroup Inc. reiterated their buy rating on shares of Standard Chartered PLC (LON:STAN) in a research note published on Wednesday. They currently have a GBX 860 ($11.31) price objective on the financial services provider’s stock.

Several other equities research analysts have also recently commented on the stock. Deutsche Bank AG reissued a sell rating and set a GBX 668 ($8.79) price target on shares of Standard Chartered in a research report on Tuesday, September 26th. reissued a reduce rating and set a GBX 620 ($8.15) price target on shares of Standard Chartered in a research report on Monday, September 18th. Credit Suisse Group cut their price target on shares of Standard Chartered from GBX 620 ($8.15) to GBX 610 ($8.02) and set an underperform rating on the stock in a research report on Friday, November 3rd. Barclays PLC reissued an underweight rating on shares of Standard Chartered in a research report on Thursday, August 3rd. Finally, Societe Generale reissued a hold rating on shares of Standard Chartered in a research report on Monday, October 23rd. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 692.83 ($9.11).

Shares of Standard Chartered (LON:STAN) opened at GBX 739.17 ($9.72) on Wednesday. Standard Chartered has a 52-week low of GBX 621.50 ($8.17) and a 52-week high of GBX 860 ($11.31).

In related news, insider Bill Winters sold 149,761 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.54), for a total value of £1,085,767.25 ($1,428,077.40).

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About Standard Chartered

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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