Standard Chartered (STAN) Price Target Raised to GBX 925

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Standard Chartered (LON:STAN) had its price target upped by Goldman Sachs Group from GBX 910 ($11.89) to GBX 925 ($12.09) in a report released on Tuesday. They currently have a conviction-buy rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the company. Berenberg Bank cut their price objective on Standard Chartered from GBX 920 ($12.02) to GBX 800 ($10.45) and set a buy rating for the company in a research note on Monday, February 4th. Credit Suisse Group reiterated an underperform rating on shares of Standard Chartered in a research note on Wednesday, December 12th. Barclays lowered their target price on Standard Chartered from GBX 585 ($7.64) to GBX 550 ($7.19) and set an underweight rating on the stock in a report on Tuesday, January 29th. Deutsche Bank lowered their target price on Standard Chartered from GBX 620 ($8.10) to GBX 580 ($7.58) and set a hold rating on the stock in a report on Monday, January 14th. Finally, UBS Group restated a neutral rating on shares of Standard Chartered in a report on Monday, January 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 689.43 ($9.01).

LON:STAN opened at GBX 608.50 ($7.95) on Tuesday. Standard Chartered has a 12 month low of GBX 678.80 ($8.87) and a 12 month high of GBX 864.20 ($11.29).

The business also recently announced a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, March 7th will be issued a dividend of $0.15 per share. This is a boost from Standard Chartered’s previous dividend of $0.06. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, March 7th.

About Standard Chartered

Standard Chartered PLC provides various banking products and services in the Greater China and North Asia, ASEAN and South Asia, Africa and the Middle East, and Europe and America. The company operates in four segments: Corporate & Institutional Banking, Private Banking, Commercial Banking, and Retail Banking.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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