Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.