Standard Chartered PLC Rating Reiterated by Credit Suisse (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Monday. They currently have a GBX 1,150 ($19.22) price target on the stock. Credit Suisse’s target price would indicate a potential downside of 5.12% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura cut their price target on shares of Standard Chartered PLC from GBX 1,580 ($26.41) to GBX 1,480 ($24.74) in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Thursday, August 7th. They now have a GBX 1,450 ($24.24) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Standard Chartered PLC in a research note on Thursday, August 7th. They now have a GBX 1,400 ($23.40) price target on the stock. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. Standard Chartered PLC currently has an average rating of “Hold” and an average target price of GBX 1,411.31 ($23.59).
Shares of Standard Chartered PLC (LON:STAN) opened at 1219.00 on Monday. Standard Chartered PLC has a 52 week low of GBX 1173.00 and a 52 week high of GBX 1581.00. The stock has a 50-day moving average of GBX 1213. and a 200-day moving average of GBX 1267.. The company’s market cap is £30.043 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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