Standard Chartered PLC Rating Reiterated by Citigroup Inc. (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued on Friday, AnalystRatingsNetwork reports. They currently have a GBX 1,650 ($27.19) price target on the stock. Citigroup Inc.’s target price would indicate a potential upside of 33.06% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Standard Chartered PLC in a research note to investors on Friday. They now have a GBX 1,400 ($23.07) price target on the stock. Separately, analysts at Jefferies Group reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note to investors on Thursday. They now have a GBX 1,100 ($18.12) 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 Tuesday. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 1,558.08 ($25.67).
Standard Chartered PLC (LON:STAN) opened at 1240.00 on Friday. Standard Chartered PLC has a one year low of GBX 1225.50 and a one year high of GBX 1860.50. The stock has a 50-day moving average of GBX 1322. and a 200-day moving average of GBX 1444.. The company’s market cap is £29.983 billion.
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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