Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.