STANDARD CHARTERED.5 Stock Rating Lowered by Goldman Sachs (SCBFF)
STANDARD CHARTERED.5 (NASDAQ:SCBFF) was downgraded by equities researchers at Goldman Sachs from a “buy” rating to a “neutral” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Shares of STANDARD CHARTERED.5 (NASDAQ:SCBFF) traded down 0.63% during mid-day trading on Monday, hitting $20.41. 2,269 shares of the company’s stock traded hands. STANDARD CHARTERED.5 has a 1-year low of $19.46 and a 1-year high of $25.32. The stock has a 50-day moving average of $22.13 and a 200-day moving average of $21.58. The company has a market cap of $49.418 billion and a price-to-earnings ratio of 12.60.
A number of other analysts have also recently weighed in on SCBFF. Analysts at Deutsche Bank reiterated a “hold” rating on shares of STANDARD CHARTERED.5 in a research note on Friday. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of STANDARD CHARTERED.5 in a research note on Friday. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of STANDARD CHARTERED.5 in a research note on Friday. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $1,098.67.
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.