Standard Chartered PLC Rating Reiterated by Societe Generale (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reaffirmed by investment analysts at Societe Generale in a note issued to investors on Thursday, Analyst Ratings News reports. They currently have a GBX 1,550 ($25.54) target price on the stock. Societe Generale’s price target indicates a potential upside of 16.02% from the company’s current price.
Shares of Standard Chartered PLC (LON:STAN) traded down 0.07% on Thursday, hitting GBX 1335.00. 4,282,807 shares of the company’s stock traded hands. Standard Chartered PLC has a 52 week low of GBX 1239.50 and a 52 week high of GBX 1860.50. The stock’s 50-day moving average is GBX 1340. and its 200-day moving average is GBX 1457.. The company’s market cap is £32.280 billion.
STAN has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Standard Chartered PLC in a research note to investors on Friday, January 10th. They now have a GBX 1,840 ($30.32) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “sell” rating on shares of Standard Chartered PLC in a research note to investors on Friday, January 10th. They now have a GBX 1,200 ($19.78) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Standard Chartered PLC in a research note to investors on Thursday, January 9th. They now have a GBX 1,700 ($28.02) price target on the stock. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,597.92 ($26.33).
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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