Standard Chartered PLC Given Consensus Recommendation of “Hold” by Brokerages (LON:STAN)
Standard Chartered PLC (LON:STAN) has been given an average rating of “Hold” by the thirty-four brokerages that are presently covering the company, Analyst Ratings.Net reports. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,453.37 ($24.73).
Shares of Standard Chartered PLC (LON:STAN) traded down 0.86% during mid-day trading on Tuesday, hitting GBX 1266.00. 1,873,523 shares of the company’s stock traded hands. Standard Chartered PLC has a 1-year low of GBX 1176.50 and a 1-year high of GBX 1621.50. The stock has a 50-day moving average of GBX 1317. and a 200-day moving average of GBX 1296.. The company’s market cap is £30.653 billion.
A number of analysts have recently weighed in on STAN shares. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note on Tuesday. They now have a GBX 1,050 ($17.87) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note on Thursday, June 19th. They now have a GBX 1,200 ($20.42) price target on the stock. Finally, analysts at Nomura cut their price target on shares of Standard Chartered PLC from GBX 1,610 ($27.40) to GBX 1,580 ($26.89) in a research note on Thursday, June 19th. They now have a “buy” rating on the stock.
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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