Standard Chartered’s Buy Rating Reaffirmed at Investec (SCBFF)
Standard Chartered (NASDAQ:SCBFF)‘s stock had its “buy” rating restated by stock analysts at Investec in a report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a $1,900.00 price objective on the stock.
A number of other firms have also recently commented on SCBFF. Analysts at Goldman Sachs Group Inc. cut their price target on shares of Standard Chartered from $1,900.00 to $1,700.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. Standard Chartered presently has an average rating of “Hold” and a consensus price target 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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