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Standard Chartered PLC (LON:STAN) target price held steady at 640.00GBX, reported today by HSBC

Yesterday Standard Chartered PLC (LON:STAN) traded -2.25% lower at 755.05GBX. The company’s 50-day moving average is 754.39GBX and its 200-day moving average is 758.90GBX. The last stock close price is down -2.31% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 2,898,712 shares of the stock were exchanged, down from an average trading volume of 6,523,970

Standard Chartered PLC (LON:STAN) had its target price hold steady to 640.00GBX by HSBC in a report released Thursday June 08, 2017. The new target price indicates a possible downside of -0.15% based on the company's last stock close price.

Previously on 5/30/2017, Goldman Sachs reported about Standard Chartered PLC (LON:STAN) held steady the target price at 950.00GBX. At the time, this indicated a possible upside of 0.31%.

See Chart Below

Standard Chartered PLC (LON:STAN)

Standard Chartered PLC has a 52 week low of 609.60GBX and a 52 week high of 860.00GBX with a P/E ratio of 926.75 The company’s market cap is currently 0 GBX.

In addition to HSBC reporting its target price, a total of 21 firms have reported on the stock. The consensus target price is 7.19GBX with 2 firms rating the stock a strong buy, 5 firms rating the stock a buy, 9 firms rating the stock a hold, 7 firms rating the stock a underperform, and finally 2 firms rating the stock a sell.

About Standard Chartered PLC (LON:STAN)

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. Its Retail Banking segment offers clients, as well as small businesses a range of banking support solutions, and its Commercial Banking segment provides mid-sized companies with financial solutions and services. Its personal banking offerings include investments and employee banking. Its business banking capabilities include transaction banking, Islamic banking and global research. Its private banking offerings include online services and its e-magazine.

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