Standard Chartered PLC Given New GBX 1,680 Price Target at UBS AG (STAN)
UBS AG decreased their target price on shares of Standard Chartered PLC (LON:STAN) from GBX 1,790 ($28.96) to GBX 1,680 ($27.18) in a research note issued on Wednesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price would suggest a potential upside of 8.84% from the company’s current price.
Shares of Standard Chartered PLC (LON:STAN) opened at 1513.00 on Wednesday. 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 £36.584 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Standard Chartered PLC in a research note to investors on Tuesday. They now have a GBX 1,530 ($24.75) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Standard Chartered PLC in a research note to investors on Tuesday. They now have a GBX 1,840 ($29.77) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Standard Chartered PLC in a research note to investors on Tuesday. They now have a GBX 1,500 ($24.27) price target on the stock. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,684.94 ($27.26).
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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