Standard Chartered PLC Receives “Outperform” Rating from BNP Paribas (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “outperform” rating reaffirmed by equities researchers at BNP Paribas in a research report issued on Tuesday, Stock Ratings Network reports. They currently have a GBX 1,650 ($26.20) target price on the stock. BNP Paribas’ price objective would suggest a potential upside of 9.27% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Macquarie downgraded shares of Standard Chartered PLC (LON:STAN) to a “neutral” rating in a research note to investors on Thursday, September 5th. They now have a GBX 1,650 ($26.20) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “sell” rating on shares of Standard Chartered PLC (LON:STAN) in a research note to investors on Tuesday, September 3rd. They now have a GBX 1,450 ($23.02) price target on the stock. Finally, analysts at Barclays Capital downgraded shares of Standard Chartered PLC (LON:STAN) from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, September 3rd. They now have a GBX 1,530 ($24.29) price target on the stock, down previously from GBX 1,700 ($26.99).
Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,706.82 ($27.10).
Shares of Standard Chartered PLC (LON:STAN) opened at 1524.00 on Tuesday. Standard Chartered PLC has a 1-year low of GBX 1376.50 and a 1-year high of GBX 1860.50. The stock’s 50-day moving average is GBX 1509. and its 200-day moving average is GBX 1576.. The company’s market cap is £36.850 billion.
Standard Chartered PLC is the holding company. The Company operates globally and is principally engaged in the business of retail and commercial banking and the provision of other financial services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.