Standard Chartered PLC’s Add Rating Reaffirmed at Numis Securities Ltd (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “add” rating reiterated by research analysts at Numis Securities Ltd in a report released on Thursday. They currently have a GBX 1,400 ($23.56) target price on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 15.89% from the stock’s previous close.
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 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 1222.43 and its 200-day moving average is GBX 1272.. The company’s market cap is £29.370 billion.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price 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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