Standard Chartered PLC (STAN) Given “Underperform” Rating at BNP Paribas
BNP Paribas restated their underperform rating on shares of Standard Chartered PLC (LON:STAN) in a research report report published on Tuesday. They currently have a GBX 550 ($7.18) price objective on the stock.
Several other research firms have also recently commented on STAN. Societe Generale restated a hold rating and set a GBX 575 ($7.51) target price on shares of Standard Chartered PLC in a research report on Friday, July 1st. Citigroup Inc. restated a buy rating on shares of Standard Chartered PLC in a research report on Wednesday, August 31st. Shore Capital restated a hold rating on shares of Standard Chartered PLC in a research report on Wednesday, August 3rd. Goldman Sachs Group Inc. restated a buy rating and set a GBX 740 ($9.66) target price on shares of Standard Chartered PLC in a research report on Friday, August 5th. Finally, Deutsche Bank AG restated a sell rating and set a GBX 479 ($6.25) target price on shares of Standard Chartered PLC in a research report on Monday, September 5th. Eight equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 559.27 ($7.30).
Standard Chartered PLC (LON:STAN) traded up 1.35% on Tuesday, hitting GBX 658.40. The company had a trading volume of 4,671,190 shares. The stock’s market capitalization is GBX 21.61 billion. Standard Chartered PLC has a one year low of GBX 373.40 and a one year high of GBX 753.63. The stock has a 50 day moving average of GBX 632.76 and a 200-day moving average of GBX 565.92.
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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