Standard Chartered PLC (STAN) Receives “Underperform” Rating from Macquarie
Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating restated by analysts at Macquarie in a report released on Thursday. They presently have a GBX 550 ($6.87) target price on the stock. Macquarie’s price target would suggest a potential downside of 12.73% from the stock’s current price.
A number of other research firms have also weighed in on STAN. Royal Bank Of Canada lowered Standard Chartered PLC to an “underperform” rating and lifted their target price for the company from GBX 460 ($5.75) to GBX 570 ($7.12) in a report on Monday, October 24th. Deutsche Bank AG boosted their price objective on Standard Chartered PLC from GBX 479 ($5.98) to GBX 574 ($7.17) and gave the stock a “sell” rating in a report on Tuesday, October 25th. JPMorgan Chase & Co. boosted their price objective on Standard Chartered PLC from GBX 800 ($10.00) to GBX 870 ($10.87) and gave the stock an “overweight” rating in a report on Monday, October 24th. Barclays PLC reissued an “underweight” rating and set a GBX 520 ($6.50) price objective on shares of Standard Chartered PLC in a report on Wednesday, November 2nd. Finally, Societe Generale reissued a “hold” rating and set a GBX 660 ($8.25) price objective on shares of Standard Chartered PLC in a report on Wednesday, November 2nd. Ten analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 585.19 ($7.31).
Standard Chartered PLC (LON:STAN) opened at 627.30 on Thursday. The company’s market cap is GBX 20.59 billion. The firm’s 50-day moving average is GBX 660.32 and its 200 day moving average is GBX 602.88. Standard Chartered PLC has a 12-month low of GBX 373.40 and a 12-month high of GBX 719.30.
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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