Goldman Sachs Reiterates Conviction-Buy Rating for Standard Chartered (STAN)

Standard Chartered (LON:STAN)‘s stock had its “conviction-buy” rating reiterated by equities researchers at Goldman Sachs in a research report issued on Friday.

Several other equities analysts have also commented on STAN. Deutsche Bank reissued a “hold” rating on shares of Standard Chartered in a report on Wednesday. Credit Suisse Group restated an “underperform” rating and issued a GBX 610 ($8.56) price objective on shares of Standard Chartered in a research note on Monday, March 19th. JPMorgan Chase restated an “overweight” rating and issued a GBX 900 ($12.63) price objective on shares of Standard Chartered in a research note on Wednesday, February 28th. Citigroup restated a “buy” rating and issued a GBX 915 ($12.84) price objective on shares of Standard Chartered in a research note on Wednesday, February 28th. Finally, Barclays initiated coverage on shares of Standard Chartered in a research note on Thursday, March 15th. They issued an “underweight” rating and a GBX 685 ($9.62) price objective for the company. Eight investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Standard Chartered currently has a consensus rating of “Hold” and a consensus price target of GBX 741.53 ($10.41).

How to Become a New Pot Stock Millionaire

LON:STAN opened at GBX 712.50 ($10.00) on Friday. Standard Chartered has a 12 month low of GBX 678.80 ($9.53) and a 12 month high of GBX 864.20 ($12.13).

In other news, insider Andrew Nigel (Andy) Halford sold 6,215 shares of the stock in a transaction dated Monday, March 19th. The shares were sold at an average price of GBX 761 ($10.68), for a total transaction of £47,296.15 ($66,389.88).

TRADEMARK VIOLATION WARNING: This report was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3339955/goldman-sachs-reiterates-conviction-buy-rating-for-standard-chartered-stan.html.

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)

Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Ramco-Gershenson Properties Trust  Receives $14.00 Average Target Price from Brokerages
Ramco-Gershenson Properties Trust Receives $14.00 Average Target Price from Brokerages
Horizon Bancorp   Receives News Impact Rating of 0.07
Horizon Bancorp Receives News Impact Rating of 0.07
Somewhat Positive Media Coverage Somewhat Unlikely to Impact CryoLife  Stock Price
Somewhat Positive Media Coverage Somewhat Unlikely to Impact CryoLife Stock Price
NorthStar Realty Europe  Getting Somewhat Positive News Coverage, Study Finds
NorthStar Realty Europe Getting Somewhat Positive News Coverage, Study Finds
Asanko Gold’s  Speculative Buy Rating Reiterated at Clarus Securities
Asanko Gold’s Speculative Buy Rating Reiterated at Clarus Securities
Zacks: Analysts Expect Five Point Holdings  Will Post Earnings of -$0.05 Per Share
Zacks: Analysts Expect Five Point Holdings Will Post Earnings of -$0.05 Per Share


© 2006-2018 Ticker Report. Google+.