Standard Chartered PLC’s (STAN) “Underperform” Rating Reaffirmed at BNP Paribas
Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating restated by equities research analysts at BNP Paribas in a research report issued on Tuesday. They presently have a GBX 550 ($7.18) price target on the stock. BNP Paribas’ price target would indicate a potential downside of 18.39% from the company’s previous close.
A number of other equities analysts also recently commented on the company. Societe Generale restated a “hold” rating and issued a GBX 575 ($7.51) price objective on shares of Standard Chartered PLC in a report on Friday, September 9th. Deutsche Bank AG restated a “sell” rating and issued a GBX 479 ($6.25) price objective on shares of Standard Chartered PLC in a report on Monday, September 5th. Citigroup Inc. reiterated a “buy” rating on shares of Standard Chartered PLC in a report on Wednesday, August 31st. HSBC downgraded Standard Chartered PLC to a “hold” rating and set a GBX 650 ($8.48) price target on the stock. in a report on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 740 ($9.66) price target on shares of Standard Chartered PLC in a report on Friday, August 5th. Eight analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 559.27 ($7.30).
Standard Chartered PLC (LON:STAN) traded up 2.87% during mid-day trading on Tuesday, reaching GBX 673.90. 10,275,528 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 22.11 billion. The firm’s 50-day moving average price is GBX 633.66 and its 200 day moving average price is GBX 568.84. Standard Chartered PLC has a 12 month low of GBX 373.40 and a 12 month high of GBX 753.63.
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About Standard Chartered PLC
Standard Chartered PLC is an international banking company. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. Its segments include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients. Its Corporate and Institutional clients segment consists of global corporates, local corporates and financial Institutions.
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