BNP Paribas Reiterates “Underperform” Rating for Standard Chartered PLC (STAN)
Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating restated by equities research analysts at BNP Paribas in a note issued to investors on Friday. They currently have a GBX 620 ($7.75) target price on the stock. BNP Paribas’ target price would indicate a potential downside of 2.36% from the company’s previous close.
Several other equities analysts also recently commented on the stock. Macquarie reiterated an “underperform” rating and set a GBX 550 ($6.87) price target on shares of Standard Chartered PLC in a report on Thursday, November 17th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 840 ($10.49) price target on shares of Standard Chartered PLC in a report on Tuesday, November 15th. Citigroup Inc. reiterated a “buy” rating and set a GBX 790 ($9.87) price target on shares of Standard Chartered PLC in a report on Thursday, November 3rd. Barclays PLC reiterated an “underweight” rating and set a GBX 520 ($6.50) price target on shares of Standard Chartered PLC in a report on Wednesday, November 2nd. Finally, Deutsche Bank AG cut their price target on shares of Standard Chartered PLC from GBX 574 ($7.17) to GBX 565 ($7.06) and set a “sell” rating on the stock in a report on Wednesday, November 2nd. Ten investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Standard Chartered PLC currently has an average rating of “Hold” and an average target price of GBX 587.69 ($7.34).
Standard Chartered PLC (LON:STAN) opened at 635.00 on Friday. The stock’s market capitalization is GBX 20.84 billion. The stock’s 50 day moving average is GBX 662.25 and its 200 day moving average is GBX 605.11. Standard Chartered PLC has a 12-month low of GBX 373.40 and a 12-month high of GBX 719.30.
In other news, insider José Viñals purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were bought at an average price of GBX 639 ($7.98) per share, for a total transaction of £12,780 ($15,967.02).
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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