Standard Chartered Rating Reiterated by Citigroup Inc. (SCBFF)
Standard Chartered (NASDAQ:SCBFF)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup Inc. in a research report issued to clients and investors on Friday, AR Network reports.
Shares of Standard Chartered (NASDAQ:SCBFF) traded down 2.15% during mid-day trading on Friday, hitting $20.45. The stock had a trading volume of 22,729 shares. Standard Chartered has a 1-year low of $20.55 and a 1-year high of $27.87. The stock has a 50-day moving average of $21.81 and a 200-day moving average of $23.19. The company has a market cap of $49.448 billion and a price-to-earnings ratio of 12.39.
A number of other firms have also recently commented on SCBFF. Analysts at Jefferies Group initiated coverage on shares of Standard Chartered in a research note to investors on Thursday. They set an “underperform” rating on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Standard Chartered in a research note to investors on Tuesday. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of Standard Chartered in a research note to investors on Monday. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. Standard Chartered presently has an average rating of “Hold” and a consensus price target of $1,519.56.
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.
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