Standard Chartered PLC PT Raised to GBX 1,190 (STAN)
Analysts at Deutsche Bank increased their price target on shares of Standard Chartered PLC (LON:STAN) from GBX 1,160 ($19.52) to GBX 1,190 ($20.02) in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would indicate a potential downside of 2.14% from the company’s current price.
A number of other analysts have also recently weighed in on STAN. 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. Separately, 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. Finally, analysts at Numis Securities Ltd upgraded shares of Standard Chartered PLC to an “add” rating in a research note on Wednesday, July 30th. They now have a GBX 1,400 ($23.56) price target on the stock. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 1,414.76 ($23.81).
Standard Chartered PLC (LON:STAN) traded up 0.25% during mid-day trading on Thursday, hitting GBX 1216.00. The stock had a trading volume of 3,611,648 shares. 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.
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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