Citigroup Inc. Reiterates “Buy” Rating for Standard Chartered (SCBFF)
Standard Chartered (NASDAQ:SCBFF)‘s stock had its “buy” rating reiterated by research analysts at Citigroup Inc. in a report released on Tuesday, StockRatingsNetwork reports. They currently have a $1,775.00 price target on the stock.
Standard Chartered (NASDAQ:SCBFF) traded down 0.65% during mid-day trading on Tuesday, hitting $23.08. 6,126 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’s 50-day moving average is $23.60 and its 200-day moving average is $23.88. The company has a market cap of $55.807 billion and a price-to-earnings ratio of 13.77.
A number of other analysts have also recently weighed in on SCBFF. Analysts at Berenberg Bank reiterated a “sell” rating on shares of Standard Chartered in a research note to investors on Thursday, October 3rd. They now have a $1,450.00 price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Standard Chartered from an “add” rating to a “hold” rating in a research note to investors on Thursday, October 3rd. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Standard Chartered in a research note to investors on Monday, September 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $1,624.18.
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.
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