Standard Chartered Receives “Buy” Rating from Espirito Santo Investment Bank Research (SCBFF)
Standard Chartered (NASDAQ:SCBFF)‘s stock had its “buy” rating reaffirmed by research analysts at Espirito Santo Investment Bank Research in a report released on Tuesday, American Banking & Market News reports. They currently have a $1,840.00 target price on the stock.
Standard Chartered (NASDAQ:SCBFF) traded up 0.04% during mid-day trading on Tuesday, hitting $24.93. 14,069 shares of the company’s stock traded hands. 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 price-to-earnings ratio of 14.77.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Standard Chartered from $1,800.00 to $1,750.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $1,627.55.
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.