Standard Chartered PLC Stock Rating Reaffirmed by Sanford C. Bernstein (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating reaffirmed by research analysts at Sanford C. Bernstein in a report released on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,050 ($17.22) target price on the stock. Sanford C. Bernstein’s target price indicates a potential downside of 21.26% from the stock’s previous close.
Standard Chartered PLC (LON:STAN) remained flat at GBX 1333.50 during during mid-day trading trading on Tuesday. 5,278,732 shares of the company’s stock traded hands. Standard Chartered PLC has a one year low of GBX 1278.50 and a one year high of GBX 1860.50. The stock’s 50-day moving average is GBX 1370. and its 200-day moving average is GBX 1463.. The company’s market cap is £32.244 billion.
A number of other analysts have also recently weighed in on STAN. Analysts at Maybank Kim Eng reiterated a “sell” rating on shares of Standard Chartered PLC in a research note to investors on Thursday, January 2nd. They now have a GBX 1,270.82 ($20.84) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Standard Chartered PLC in a research note to investors on Friday, December 13th. They now have a GBX 1,340 ($21.98) price target on the stock. Finally, analysts at Santander reiterated a “hold” rating on shares of Standard Chartered PLC in a research note to investors on Friday, December 13th. They now have a GBX 1,646 ($27.00) price target on the stock. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have given a buy rating to the stock. Standard Chartered PLC presently has an average rating of “Hold” and a consensus target price of GBX 1,625.79 ($26.67).
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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