Standard Chartered PLC Stock Rating Reaffirmed by Deutsche Bank (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “hold” rating restated by Deutsche Bank in a research note issued on Monday, StockRatingsNetwork.com reports. They currently have a GBX 1,645 ($26.35) price objective on the stock. Deutsche Bank’s price target indicates a potential upside of 7.66% from the stock’s previous close.
Standard Chartered PLC (LON:STAN) traded down 0.49% on Monday, hitting GBX 1528.00. 2,289,803 shares of the company’s stock traded hands. Standard Chartered PLC has a 1-year low of GBX 1376.50 and a 1-year high of GBX 1860.50. The stock has a 50-day moving average of GBX 1513.18 and a 200-day moving average of GBX 1568.06. The company’s market cap is £36.947 billion.
STAN has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “buy” rating on shares of Standard Chartered PLC (LON:STAN) in a research note to investors on Wednesday, September 18th. Separately, 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, September 18th. They now have a GBX 1,330 ($21.30) price target on the stock. Finally, 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 ($28.83) price target on the stock.
Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have given a buy rating to the company’s stock. Standard Chartered PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 1,705.15 ($27.31).
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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