Standard Chartered PLC (STAN) Rating Reiterated by Deutsche Bank AG
Standard Chartered PLC (LON:STAN)‘s stock had its “sell” rating restated by equities research analysts at Deutsche Bank AG in a research note issued on Thursday. They presently have a GBX 555 ($6.93) target price on the stock. Deutsche Bank AG’s target price indicates a potential downside of 11.09% from the stock’s current price.
STAN has been the subject of a number of other research reports. Citigroup Inc. reaffirmed a “buy” rating on shares of Standard Chartered PLC in a research note on Wednesday, August 31st. Societe Generale reissued a “hold” rating and set a GBX 575 ($7.18) target price on shares of Standard Chartered PLC in a research note on Friday, September 9th. BNP Paribas reissued an “underperform” rating and set a GBX 550 ($6.87) target price on shares of Standard Chartered PLC in a research note on Thursday, September 22nd. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 840 ($10.49) target price on shares of Standard Chartered PLC in a research note on Tuesday, November 15th. Finally, Macquarie lowered their target price on Standard Chartered PLC from GBX 560 ($7.00) to GBX 550 ($6.87) and set an “underperform” rating for the company in a research note on Wednesday, November 9th. Ten equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Standard Chartered PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 587.28 ($7.34).
Shares of Standard Chartered PLC (LON:STAN) opened at 632.40 on Thursday. The firm’s market capitalization is GBX 20.75 billion. Standard Chartered PLC has a 12 month low of GBX 373.40 and a 12 month high of GBX 719.30. The company has a 50 day moving average of GBX 660.92 and a 200-day moving average of GBX 607.48.
In other news, insider José Viñals bought 2,000 shares of the stock in a transaction dated Wednesday, November 16th. The shares were bought at an average cost of GBX 639 ($7.98) per share, with a total value 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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