Standard Chartered’s (STAN) “Buy” Rating Reiterated at Citigroup

Citigroup reaffirmed their buy rating on shares of Standard Chartered (LON:STAN) in a report released on Wednesday morning.

STAN has been the topic of several other reports. Credit Suisse Group restated an underperform rating and set a GBX 610 ($8.21) price target on shares of Standard Chartered in a research report on Monday, November 27th. Societe Generale restated a hold rating on shares of Standard Chartered in a research report on Monday, October 23rd. Deutsche Bank lifted their price target on Standard Chartered from GBX 668 ($8.99) to GBX 670 ($9.02) and gave the company a sell rating in a research report on Wednesday, October 25th. Berenberg Bank restated a hold rating and set a GBX 700 ($9.42) price target on shares of Standard Chartered in a research report on Wednesday, November 29th. Finally, Barclays restated an underweight rating and set a GBX 620 ($8.34) price target on shares of Standard Chartered in a research report on Tuesday, November 14th. Eight equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 721.82 ($9.71).

Shares of Standard Chartered (LON:STAN) opened at GBX 758.74 ($10.21) on Wednesday. Standard Chartered has a 1 year low of GBX 646.40 ($8.70) and a 1 year high of GBX 860 ($11.57).

In other Standard Chartered news, insider Bill Winters sold 149,761 shares of Standard Chartered stock in a transaction on Friday, September 22nd. The stock was 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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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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