Standard Chartered PLC PT Lowered to GBX 1,750 (STAN)
Analysts at JPMorgan Chase & Co. reduced their target price on shares of Standard Chartered PLC (LON:STAN) from GBX 1,800 ($29.11) to GBX 1,750 ($28.30) in a research report issued to clients and investors on Friday, ARN reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 14.72% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note to investors on Thursday. They now have a GBX 1,350 ($21.83) price target on the stock. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the company. Standard Chartered PLC has a consensus rating of “Hold” and an average target price of GBX 1,697.44 ($27.45).
Standard Chartered PLC (LON:STAN) traded up 0.30% on Friday, hitting GBX 1525.50. The stock had a trading volume of 3,731,503 shares. Standard Chartered PLC has a 52 week low of GBX 1385.36 and a 52 week 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 £36.886 billion.
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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