Standard Chartered’s “Underperform” Rating Reaffirmed at Credit Suisse (SCBFF)
Standard Chartered (NASDAQ:SCBFF)‘s stock had its “underperform” rating restated by stock analysts at Credit Suisse in a report issued on Thursday, AmericanBankingNews.com reports. They currently have a $1,350.00 target price on the stock.
Shares of Standard Chartered (NASDAQ:SCBFF) traded up 3.75% on Thursday, hitting $24.93. 23,737 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 $23.5 and a 200-day moving average of $24.22. The company has a market cap of $60.281 billion and a price-to-earnings ratio of 14.24.
A number of other analysts have also recently weighed in on SCBFF. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Standard Chartered in a research note to investors on Wednesday. They now have a $1,775.00 price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Standard Chartered in a research note to investors on Monday. They now have a $1,900.00 price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Standard Chartered in a research note to investors on Thursday, October 17th. They now have a $1,650.00 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. The company presently has a consensus rating of “Hold” and an average price target of $1,650.05.
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.
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