Espirito Santo Investment Bank Research Reiterates “Buy” Rating for Standard Chartered PLC (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating restated by equities research analysts at Espirito Santo Investment Bank Research in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 1,840 ($29.52) price target on the stock. Espirito Santo Investment Bank Research’s price target suggests a potential upside of 27.47% from the company’s current price.
STAN has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Standard Chartered PLC in a research note to investors on Tuesday. They now have a GBX 1,775 ($28.48) price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Standard Chartered PLC from an “add” rating to a “hold” rating in a research note to investors on Thursday, October 3rd. They now have a GBX 1,500 ($24.07) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “sell” rating on shares of Standard Chartered PLC in a research note to investors on Thursday, October 3rd. They now have a GBX 1,450 ($23.26) price target on the stock. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,691.09 ($27.13).
Shares of Standard Chartered PLC (LON:STAN) opened at 1443.50 on Tuesday. Standard Chartered PLC has a 52 week low of GBX 1376.50 and a 52 week 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 £34.904 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.