Standard Chartered’s Underperform Rating Reaffirmed at Credit Suisse (SCBFF)
Standard Chartered (NASDAQ:SCBFF)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Credit Suisse in a research note issued to investors on Monday, StockRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of Standard Chartered in a research note to investors on Monday, January 13th. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Standard Chartered in a research note to investors on Friday, January 10th. Finally, analysts at Santander reiterated a “hold” rating on shares of Standard Chartered in a research note to investors on Friday, December 13th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $1,554.64.
Shares of Standard Chartered (NASDAQ:SCBFF) traded up 0.68% on Monday, hitting $21.58. The stock had a trading volume of 51,498 shares. Standard Chartered has a 52-week low of $20.55 and a 52-week high of $27.87. The stock has a 50-day moving average of $21. and a 200-day moving average of $23.2. The company has a market cap of $52.180 billion and a price-to-earnings ratio of 12.71.
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.
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