Standard Chartered PLC (SCBFF) Coverage Initiated by Analysts at Credit Suisse Group AG
Credit Suisse Group AG initiated coverage on shares of Standard Chartered PLC (OTCMKTS:SCBFF) in a report released on Tuesday. The brokerage issued an underperform rating on the banking services company’s stock.
A number of other equities analysts have also commented on SCBFF. Goldman Sachs Group Inc. reaffirmed a buy rating on shares of Standard Chartered PLC in a research note on Wednesday, August 10th. HSBC reaffirmed a hold rating on shares of Standard Chartered PLC in a research note on Wednesday, August 17th. Citigroup Inc. reissued a buy rating on shares of Standard Chartered PLC in a research note on Wednesday, August 31st. Royal Bank Of Canada lowered shares of Standard Chartered PLC from a sector perform rating to an underperform rating in a research note on Monday, October 24th. Finally, RBC Capital Markets lowered shares of Standard Chartered PLC from a sector perform rating to an underperform rating in a research note on Monday, October 24th. Six analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold.
Standard Chartered PLC (OTCMKTS:SCBFF) opened at 7.93 on Tuesday. The firm has a 50-day moving average of $8.12 and a 200-day moving average of $8.03. Standard Chartered PLC has a 52-week low of $5.35 and a 52-week high of $8.86. The stock’s market capitalization is $26.02 billion.
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About Standard Chartered PLC
Standard Chartered Bank provides personal and business banking services such as loans and mortgages, insurance and investment.
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