Standard Chartered Receives “Buy” Rating from Investec (SCBFF)
Standard Chartered (NASDAQ:SCBFF)‘s stock had its “buy” rating restated by analysts at Investec in a research report issued to clients and investors on Monday, American Banking & Market News reports. They currently have a $1,900.00 target price on the stock.
Shares of Standard Chartered (NASDAQ:SCBFF) traded down 0.08% on Monday, hitting $24.22. 12,864 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 $23.76 and its 200-day moving average is $23.78. The company has a market cap of $58.564 billion and a P/E ratio of 14.37.
A number of other firms have also recently commented on SCBFF. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Standard Chartered in a research note to investors on Thursday. They now have a $1,650.00 price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Standard Chartered in a research note to investors on Monday, October 14th. They now have a $1,850.00 price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Standard Chartered in a research note to investors on Tuesday, October 8th. They now have a $1,840.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Standard Chartered presently has an average rating of “Hold” and an average price target of $1,650.58.
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.
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