Standard Chartered PLC (LON:STAN) Receives Consensus Recommendation of “Hold” from Analysts
Standard Chartered PLC (LON:STAN) has been assigned a consensus rating of “Hold” from the twenty-eight analysts that are currently covering the company. Eight equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 551.64 ($7.20).
A number of research firms have commented on STAN. Deutsche Bank AG restated a “sell” rating and issued a GBX 479 ($6.25) target price on shares of Standard Chartered PLC in a research report on Monday, September 5th. HSBC downgraded Standard Chartered PLC to a “hold” rating and set a GBX 650 ($8.48) price objective on the stock. in a report on Wednesday, August 17th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 750 ($9.79) price objective on shares of Standard Chartered PLC in a report on Tuesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 500 ($6.53) price objective on shares of Standard Chartered PLC in a report on Friday, August 5th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 740 ($9.66) price objective on shares of Standard Chartered PLC in a report on Friday, August 5th.
Shares of Standard Chartered PLC (LON:STAN) traded down 0.40% during midday trading on Friday, reaching GBX 628.30. The company had a trading volume of 8,909,782 shares. The company’s 50 day moving average price is GBX 634.65 and its 200-day moving average price is GBX 561.58. The company’s market capitalization is GBX 20.62 billion. Standard Chartered PLC has a 52 week low of GBX 373.40 and a 52 week high of GBX 753.63.
Standard Chartered PLC Company Profile
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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