Standard Chartered PLC Stock Rating Reaffirmed by Deutsche Bank (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a note issued to investors on Monday. They currently have a GBX 1,160 ($19.82) target price on the stock. Deutsche Bank’s price objective indicates a potential downside of 3.73% from the stock’s previous close.
Shares of Standard Chartered PLC (LON:STAN) traded down 0.33% during mid-day trading on Monday, hitting GBX 1205.00. The stock had a trading volume of 1,584,861 shares. 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 1257. and its 200-day moving average is GBX 1280.. The company’s market cap is £29.176 billion.
STAN has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note on Thursday. They now have a GBX 1,050 ($17.94) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Standard Chartered PLC in a research note on Thursday. They now have a GBX 1,300 ($22.21) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Tuesday, July 15th. They now have a GBX 1,450 ($24.78) price target on the stock. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,432.55 ($24.48).
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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