Standard Chartered PLC Stock Rating Reaffirmed by Espirito Santo Investment Bank Research (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reissued by equities researchers at Espirito Santo Investment Bank Research in a research report issued on Wednesday. They currently have a GBX 1,575 ($26.33) price objective on the stock. Espirito Santo Investment Bank Research’s target price would suggest a potential upside of 29.36% from the stock’s previous close.
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 ($24.24) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Chartered PLC in a research note on Wednesday. Finally, 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. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 1,411.31 ($23.59).
Shares of Standard Chartered PLC (LON:STAN) opened at 1224.00 on Wednesday. Standard Chartered PLC has a 52-week low of GBX 1173.00 and a 52-week 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 £30.167 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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