Standard Chartered PLC Rating Reiterated by Deutsche Bank (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Friday. They currently have a GBX 1,275 ($21.87) price objective on the stock. Deutsche Bank’s target price suggests a potential upside of 6.78% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Thursday. They now have a GBX 1,450 ($24.87) price target on the stock, down previously from GBX 1,600 ($27.44). Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note on Monday. They now have a GBX 1,050 ($18.01) price target on the stock. Finally, analysts at Maybank Kim Eng downgraded shares of Standard Chartered PLC to a “hold” rating in a research note on Friday, July 4th. They now have a GBX 1,230.11 ($21.10) price target on the stock. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,428.76 ($24.51).
Shares of Standard Chartered PLC (LON:STAN) traded down 0.29% during mid-day trading on Friday, hitting GBX 1194.00. The stock had a trading volume of 4,079,010 shares. Standard Chartered PLC has a 1-year low of GBX 1173.00 and a 1-year high of GBX 1621.50. The stock’s 50-day moving average is GBX 1281. and its 200-day moving average is GBX 1287.. The company’s market cap is £28.910 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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