Standard Chartered PLC Receives “Hold” Rating from Deutsche Bank (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, Stock Ratings Network reports. They currently have a GBX 1,645 ($26.61) target price on the stock. Deutsche Bank’s price target would suggest a potential upside of 9.27% from the stock’s previous close.
Shares of Standard Chartered PLC (LON:STAN) traded down 0.17% during mid-day trading on Monday, hitting GBX 1505.50. The stock had a trading volume of 2,508,782 shares. 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 1496. and its 200-day moving average is GBX 1519.. The company’s market cap is £36.403 billion.
STAN has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Standard Chartered PLC from GBX 1,800 ($29.12) to GBX 1,750 ($28.31) in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note to investors on Thursday, October 24th. They now have a GBX 1,350 ($21.84) price target on the stock. Finally, analysts at Maybank Kim Eng reiterated a “hold” rating on shares of Standard Chartered PLC in a research note to investors on Thursday, October 24th. They now have a GBX 1,506.39 ($24.37) price target on the stock. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus 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.
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.