Investec Reiterates Buy Rating for Standard Chartered (SCBFF)
Standard Chartered (NASDAQ:SCBFF)‘s stock had its “buy” rating restated by analysts at Investec in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports.
Standard Chartered (NASDAQ:SCBFF) traded up 1.25% during mid-day trading on Wednesday, hitting $24.24. 5,008 shares of the company’s stock traded hands. Standard Chartered has a 1-year low of $21.30 and a 1-year high of $27.87. The stock has a 50-day moving average of $23.60 and a 200-day moving average of $24.14. The company has a market cap of $58.612 billion and a price-to-earnings ratio of 14.19.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Standard Chartered (NASDAQ:SCBFF) in a research note to investors on Monday. They now have a $1,650.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Standard Chartered (NASDAQ:SCBFF) in a research note to investors on Wednesday, September 11th. They now have a $1,800.00 price target on the stock. Finally, analysts at Berenberg Bank reiterated a “sell” rating on shares of Standard Chartered (NASDAQ:SCBFF) in a research note to investors on Tuesday, September 3rd. They now have a $1,450.00 price target on the stock.
Three analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $1,644.26.
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.
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.