Standard Chartered Stock Rating Reaffirmed by Espirito Santo Investment Bank Research (SCBFF)
Standard Chartered (NASDAQ:SCBFF)‘s stock had its “buy” rating reiterated by equities research analysts at Espirito Santo Investment Bank Research in a research note issued to investors on Tuesday, American Banking News reports. They currently have a $1,840.00 price objective on the stock.
A number of other firms have also recently commented on SCBFF. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Standard Chartered in a research note to investors on Tuesday. They now have a $1,775.00 price target on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Standard Chartered has a consensus rating of “Hold” and a consensus target price of $1,624.18.
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 one year low of $21.30 and a one year high of $27.87. The stock has a 50-day moving average of $23.60 and a 200-day moving average of $23.88. The company has a market cap of $55.807 billion and a price-to-earnings ratio of 13.77.
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.
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