Standard Chartered PLC Receives “Underperform” Rating from Sanford C. Bernstein (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating restated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday. They currently have a GBX 1,050 ($17.42) price objective on the stock. Sanford C. Bernstein’s target price would indicate a potential downside of 15.22% from the company’s current price.
Shares of Standard Chartered PLC (LON:STAN) opened at 1239.50 on Friday. 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 1219. and its 200-day moving average is GBX 1263.. The company’s market cap is £30.549 billion.
STAN has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Wednesday, August 20th. They now have a GBX 1,575 ($26.14) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Standard Chartered PLC in a research note on Wednesday, August 20th. They now have a GBX 1,450 ($24.06) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Chartered PLC in a research note on Wednesday, August 20th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,393.80 ($23.13).
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.