Standard Chartered PLC Given “Buy” Rating at Societe Generale (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating restated by Societe Generale in a research note issued on Thursday. They currently have a GBX 1,450 ($24.40) price target on the stock. Societe Generale’s price target suggests a potential upside of 20.03% from the company’s current price.
Standard Chartered PLC (LON:STAN) traded up 0.41% on Thursday, hitting GBX 1213.00. 5,505,236 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 has a 50-day moving average of GBX 1222.43 and a 200-day moving average of GBX 1272.. The company’s market cap is £29.370 billion.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Standard Chartered PLC in a research note on Thursday. They now have a GBX 1,400 ($23.56) 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 Thursday. They now have a GBX 1,150 ($19.35) price target on the stock. Finally, analysts at Jefferies Group reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note on Thursday. They now have a GBX 1,000 ($16.83) price target on the stock. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,424.27 ($23.97).
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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