Standard Chartered PLC Given “Buy” Rating at Citigroup Inc. (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday, Analyst Ratings News reports. They currently have a GBX 1,775 ($28.70) price objective on the stock. Citigroup Inc.’s target price indicates a potential upside of 16.36% from the company’s current price.
A number of other analysts have also recently weighed in on STAN. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note to investors on Tuesday, October 22nd. They now have a GBX 1,330 ($21.51) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Standard Chartered PLC in a research note to investors on Monday, October 21st. They now have a GBX 1,900 ($30.72) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Standard Chartered PLC in a research note to investors on Thursday, October 17th. They now have a GBX 1,650 ($26.68) 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 issued a buy rating to the company. Standard Chartered PLC presently 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 Wednesday, hitting GBX 1525.50. The stock had a trading volume of 3,731,503 shares. Standard Chartered PLC has a one year low of GBX 1385.36 and a one year high of GBX 1860.50. The stock has a 50-day moving average of GBX 1484.18 and a 200-day moving average of 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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