Standard Chartered PLC Receives Buy Rating from Investec (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating restated by Investec in a research note issued on Wednesday, StockRatingsNetwork.com reports.
A number of other analysts have also recently weighed in on STAN. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Standard Chartered PLC (LON:STAN) in a research note to investors on Wednesday. They now have a GBX 1,330 ($21.12) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Standard Chartered PLC (LON:STAN) in a research note to investors on Wednesday, September 11th. They now have a GBX 1,800 ($28.58) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Standard Chartered PLC (LON:STAN) in a research note to investors on Tuesday, September 10th. They now have a GBX 1,650 ($26.20) price target on the stock.
Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,705.15 ($27.07).
Standard Chartered PLC (LON:STAN) traded up 1.27% on Wednesday, hitting GBX 1512.50. The stock had a trading volume of 2,458,002 shares. Standard Chartered PLC has a 52-week low of GBX 1376.50 and a 52-week high of GBX 1860.50. The stock’s 50-day moving average is GBX 1510. and its 200-day moving average is GBX 1570.18. The company’s market cap is £36.572 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.
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