Jefferies Group Reiterates Underperform Rating for Standard Chartered PLC (STAN)
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.
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