Standard Chartered PLC’s Buy Rating Reaffirmed at Investec (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Investec in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,700 ($27.88) price objective on the stock. Investec’s price objective would indicate a potential upside of 29.57% from the stock’s previous close.
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 Wednesday. They now have a GBX 1,400 ($22.96) price target on the stock, down previously from GBX 1,530 ($25.09). Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note to investors on Tuesday. They now have a GBX 1,050 ($17.22) price target on the stock. Finally, 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. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,615.48 ($26.50).
Standard Chartered PLC (LON:STAN) opened at 1250.00 on Thursday. 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 1366. and its 200-day moving average is GBX 1463.. The company’s market cap is £30.225 billion.
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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