Standard Chartered PLC Upgraded to “Buy” at Bankhaus Lampe (STAN)
Standard Chartered PLC (LON:STAN) was upgraded by equities research analysts at Bankhaus Lampe to a “buy” rating in a research note issued to investors on Thursday, AnalystRatings.Net reports. The firm currently has a GBX 1,450 ($23.79) price objective on the stock. Bankhaus Lampe’s price target suggests a potential upside of 12.32% from the company’s current price.
Shares of Standard Chartered PLC (LON:STAN) traded down 0.23% on Thursday, hitting GBX 1291.00. 3,771,385 shares of the company’s stock traded hands. Standard Chartered PLC has a 1-year low of GBX 1222.50 and a 1-year high of GBX 1860.50. The stock has a 50-day moving average of GBX 1305.68 and a 200-day moving average of GBX 1427.. The company’s market cap is £31.216 billion.
STAN has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research cut their price target on shares of Standard Chartered PLC from GBX 1,840 ($30.19) to GBX 1,575 ($25.84) in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Standard Chartered PLC in a research note on Monday. They now have a GBX 1,410 ($23.13) price target on the stock. Finally, analysts at Maybank Kim Eng reiterated a “sell” rating on shares of Standard Chartered PLC in a research note on Tuesday, February 4th. They now have a GBX 1,285.86 ($21.10) price target on the stock. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,540.11 ($25.27).
Standard Chartered PLC is a United Kingdom-based 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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