Share on StockTwits

Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating reiterated by Jefferies Group in a research note issued on Tuesday. They currently have a GBX 1,000 ($17.03) price target on the stock. Jefferies Group’s target price suggests a potential downside of 16.24% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Standard Chartered PLC from GBX 1,350 ($22.99) to GBX 1,450 ($24.70) in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note on Friday. They now have a GBX 1,200 ($20.44) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Standard Chartered PLC from GBX 1,200 ($20.44) to GBX 1,000 ($17.03) in a research note on Friday. They now have a “sell” rating on the stock. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 1,440.95 ($24.54).

Shares of Standard Chartered PLC (LON:STAN) traded down 0.08% on Tuesday, hitting GBX 1193.00. The stock had a trading volume of 3,868,079 shares. Standard Chartered PLC has a 52 week low of GBX 1173.00 and a 52 week high of GBX 1621.50. The stock has a 50-day moving average of GBX 1308. and a 200-day moving average of GBX 1293.81. The company’s market cap is £28.886 billion.

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.