Standard Chartered PLC Given “Underperform” Rating at Credit Suisse (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating restated by Credit Suisse in a research note issued on Thursday. They currently have a GBX 1,150 ($19.35) price target on the stock. Credit Suisse’s price objective would suggest a potential downside of 4.80% from the company’s current price.
Shares of Standard Chartered PLC (LON:STAN) traded up 0.41% during mid-day trading on Thursday, hitting GBX 1213.00. The stock had a trading volume of 5,505,236 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 1222.43 and its 200-day moving average is GBX 1272.. The company’s market cap is £29.370 billion.
A number of other analysts have also recently weighed in on STAN. 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. Separately, analysts at Deutsche Bank raised their price target on shares of Standard Chartered PLC from GBX 1,160 ($19.52) to GBX 1,190 ($20.02) in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Wednesday. They now have a GBX 1,450 ($24.40) 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 assigned a buy rating to the company’s stock. The company currently has a consensus 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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