Standard Chartered PLC Given “Underperform” Rating at Jefferies Group (STAN)
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.
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.