Standard Chartered PLC Earns Buy Rating from Investec (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reissued by equities researchers at Investec in a research report issued on Wednesday. They currently have a GBX 1,450 ($24.24) price objective on the stock. Investec’s price objective indicates a potential upside of 19.10% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Chartered PLC in a research note on Wednesday. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Standard Chartered PLC in a research note on Monday. They now have a GBX 1,150 ($19.22) price target on the stock. Finally, 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. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,411.31 ($23.59).
Shares of Standard Chartered PLC (LON:STAN) opened at 1218.00 on Wednesday. Standard Chartered PLC has a 1-year low of GBX 1173.00 and a 1-year high of GBX 1581.00. The stock’s 50-day moving average is GBX 1214. and its 200-day moving average is GBX 1266.31. The company’s market cap is £30.019 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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