Bank of America Corp. Reiterates “Buy” Rating for Standard Chartered PLC (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating restated by stock analysts at Bank of America Corp. in a report issued on Monday, Stock Ratings Network.com reports. They currently have a GBX 1,850 ($29.53) target price on the stock. Bank of America Corp.’s target price indicates a potential upside of 25.89% from the stock’s previous close.
Standard Chartered PLC (LON:STAN) traded down 1.21% during mid-day trading on Monday, hitting GBX 1469.50. 2,180,631 shares of the company’s stock traded hands. Standard Chartered PLC has a 1-year low of GBX 1385.36 and a 1-year high of GBX 1860.50. The stock’s 50-day moving average is GBX 1513.18 and its 200-day moving average is GBX 1568.06. The company’s market cap is £35.532 billion.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue reiterated an “add” rating on shares of Standard Chartered PLC in a research note to investors on Thursday. They now have a GBX 1,730 ($27.62) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Standard Chartered PLC in a research note to investors on Tuesday, October 8th. They now have a GBX 1,840 ($29.37) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Standard Chartered PLC in a research note to investors on Tuesday, October 8th. They now have a GBX 1,775 ($28.34) price target on the stock. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company. Standard Chartered PLC has a consensus rating of “Hold” and an average price target of GBX 1,699.06 ($27.12).
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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