Investec Reiterates Buy Rating for Standard Chartered PLC (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reaffirmed by research analysts at Investec in a report released on Friday, AnalystRatings.NET reports.
Shares of Standard Chartered PLC (LON:STAN) opened at 1339.50 on Friday. Standard Chartered PLC has a one year low of GBX 1239.50 and a one year high of GBX 1860.50. The stock has a 50-day moving average of GBX 1340. and a 200-day moving average of GBX 1457.. The company’s market cap is £32.389 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of Standard Chartered PLC in a research note to investors on Thursday. They now have a GBX 1,550 ($25.54) 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 Friday, January 10th. They now have a GBX 1,840 ($30.32) price target on the stock. Finally, 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. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Standard Chartered PLC currently has an average rating of “Hold” and a consensus target price of GBX 1,594.63 ($26.28).
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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