Standard Chartered Given New $1,700.00 Price Target at Goldman Sachs Group Inc. (SCBFF)
Equities researchers at Goldman Sachs Group Inc. lowered their target price on shares of Standard Chartered (NASDAQ:SCBFF) from $1,900.00 to $1,700.00 in a research report issued on Tuesday, Analyst Ratings Net reports. The firm currently has a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Standard Chartered in a research note to investors on Tuesday. They now have a $1,840.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Standard Chartered in a research note to investors on Tuesday. They now have a $1,530.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Standard Chartered in a research note to investors on Monday. They now have a $1,645.00 price target on the stock. Three 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. Standard Chartered has an average rating of “Hold” and a consensus target price of $1,627.55.
Shares of Standard Chartered (NASDAQ:SCBFF) traded up 0.04% on Tuesday, hitting $24.93. The stock had a trading volume of 14,069 shares. Standard Chartered has a 52 week low of $21.30 and a 52 week high of $27.87. The stock’s 50-day moving average is $23.5 and its 200-day moving average is $24.22. The company has a market cap of $60.281 billion and a P/E ratio of 14.77.
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.
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