Standard Chartered PLC Stock Rating Reaffirmed by BNP Paribas (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “neutral” rating restated by equities researchers at BNP Paribas in a research report issued on Thursday. They currently have a GBX 1,300 ($22.26) target price on the stock. BNP Paribas’ target price would suggest a potential upside of 7.62% from the stock’s previous close.
A number of other firms have also recently commented on STAN. Analysts at Societe Generale reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Tuesday. They now have a GBX 1,450 ($24.82) 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 Tuesday. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Standard Chartered PLC in a research note on Friday, July 11th. They now have a GBX 1,275 ($21.83) price target on the stock. Five investment 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. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,436.38 ($24.59).
Shares of Standard Chartered PLC (LON:STAN) traded down 0.82% during mid-day trading on Thursday, hitting GBX 1208.00. 2,196,939 shares of the company’s stock traded hands. Standard Chartered PLC has a 52 week low of GBX 1173.00 and a 52 week high of GBX 1621.50. The stock’s 50-day moving average is GBX 1267. and its 200-day moving average is GBX 1283.. The company’s market cap is £29.249 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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