Standard Chartered PLC Rating Increased to Add at Numis Securities Ltd (STAN)
Standard Chartered PLC (LON:STAN) was upgraded by analysts at Numis Securities Ltd to an “add” rating in a research report issued to clients and investors on Wednesday. The firm currently has a GBX 1,400 ($23.77) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 11.87% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Maybank Kim Eng reiterated a “hold” rating on shares of Standard Chartered PLC in a research note on Tuesday. They now have a GBX 1,241.77 ($21.09) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Standard Chartered PLC to an “overweight” rating in a research note on Tuesday. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Standard Chartered PLC in a research note on Friday, July 25th. They now have a GBX 1,250 ($21.23) price target on the stock. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company’s stock. Standard Chartered PLC presently has an average rating of “Hold” and an average price target of GBX 1,423.27 ($24.17).
Shares of Standard Chartered PLC (LON:STAN) traded up 0.28% during mid-day trading on Wednesday, hitting GBX 1251.50. 5,196,292 shares of the company’s stock traded hands. 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 1238.56 and its 200-day moving average is GBX 1276.18. The company’s market cap is £30.302 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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