Standard Chartered PLC Given New GBX 1,480 Price Target at Nomura (STAN)
Equities research analysts at Nomura decreased their target price on shares of Standard Chartered PLC (LON:STAN) from GBX 1,580 ($26.51) to GBX 1,480 ($24.83) in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Nomura’s target price would suggest a potential upside of 21.71% from the stock’s previous close.
Shares of Standard Chartered PLC (LON:STAN) traded up 0.12% on Monday, hitting GBX 1217.50. 2,410,297 shares of the company’s stock traded hands. Standard Chartered PLC has a 52 week low of GBX 1173.00 and a 52 week high of GBX 1620.00. The stock’s 50-day moving average is GBX 1217.93 and its 200-day moving average is GBX 1269.. The company’s market cap is £30.007 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Thursday. They now have a GBX 1,450 ($24.32) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Standard Chartered PLC in a research note on Thursday. They now have a GBX 1,400 ($23.49) price target on the stock. Finally, 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 ($19.29) price target on the stock. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,411.31 ($23.68).
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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