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Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Thursday. They currently have a GBX 1,000 ($16.83) target price on the stock. Jefferies Group’s target price points to a potential downside of 17.76% from the stock’s previous close.

Shares of Standard Chartered PLC (LON:STAN) traded up 0.25% on Thursday, hitting GBX 1216.00. 3,611,648 shares of the company’s stock traded hands. Standard Chartered PLC has a 52-week low of GBX 1172.25 and a 52-week high of GBX 1621.50. The stock’s 50-day moving average is GBX 1220. and its 200-day moving average is GBX 1271.81. The company’s market cap is £29.970 billion.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Wednesday. They now have a GBX 1,575 ($26.50) price target on the stock. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,414.76 ($23.81).

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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