Credit Suisse Reiterates Underperform Rating for Standard Chartered PLC (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,350 ($21.83) price target on the stock. Credit Suisse’s price target indicates a potential downside of 10.00% from the company’s current price.
Shares of Standard Chartered PLC (LON:STAN) traded up 1.57% on Thursday, hitting GBX 1523.50. The stock had a trading volume of 1,741,356 shares. Standard Chartered PLC has a one year low of GBX 1385.36 and a one year high of GBX 1860.50. The stock’s 50-day moving average is GBX 1484.18 and its 200-day moving average is GBX 1530.93. The company’s market cap is £36.838 billion.
A number of other firms have also recently commented on STAN. Analysts at Maybank Kim Eng reiterated a “hold” rating on shares of Standard Chartered PLC in a research note to investors on Thursday. They now have a GBX 1,506.39 ($24.36) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Standard Chartered PLC in a research note to investors on Wednesday. They now have a GBX 1,775 ($28.70) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note to investors on Tuesday. They now have a GBX 1,330 ($21.51) price target on the stock. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,699 ($27.47).
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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