Standard Chartered PLC Given “Buy” Rating at Citigroup Inc. (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Wednesday, American Banking & Market News reports. They currently have a GBX 1,650 ($27.08) price target on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 21.50% from the stock’s previous close.
Standard Chartered PLC (LON:STAN) opened at 1359.50 on Wednesday. Standard Chartered PLC has a 1-year low of GBX 1239.50 and a 1-year high of GBX 1860.50. The stock has a 50-day moving average of GBX 1331. and a 200-day moving average of GBX 1454.. The company’s market cap is £32.873 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Standard Chartered PLC in a research note to investors on Monday. They now have a GBX 1,500 ($24.62) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. cut their price target on shares of Standard Chartered PLC from GBX 1,650 ($27.08) to GBX 1,450 ($23.80) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note to investors on Friday, January 17th. They now have a GBX 1,050 ($17.24) 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 company. Standard Chartered PLC has an average rating of “Hold” and a consensus price target of GBX 1,582.53 ($25.98).
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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