Standard Chartered (STAN) Lifted to “Overweight” at J P Morgan Chase & Co
Standard Chartered (LON:STAN) was upgraded by investment analysts at J P Morgan Chase & Co to an “overweight” rating in a report released on Tuesday. The brokerage currently has a GBX 900 ($12.11) price target on the financial services provider’s stock, up from their previous price target of GBX 800 ($10.77). J P Morgan Chase & Co’s price objective would suggest a potential upside of 23.76% from the company’s previous close.
Several other equities analysts have also commented on STAN. reaffirmed a “reduce” rating and set a GBX 620 ($8.34) target price on shares of Standard Chartered in a report on Monday, September 18th. Deutsche Bank reaffirmed a “sell” rating and set a GBX 668 ($8.99) target price on shares of Standard Chartered in a report on Tuesday, September 19th. Berenberg Bank lowered their target price on Standard Chartered from GBX 725 ($9.76) to GBX 700 ($9.42) and set a “hold” rating for the company in a report on Wednesday, September 20th. Credit Suisse Group upped their target price on Standard Chartered from GBX 615 ($8.28) to GBX 620 ($8.34) and gave the company an “underperform” rating in a report on Tuesday, October 10th. Finally, Societe Generale reaffirmed a “hold” rating on shares of Standard Chartered in a report on Monday, October 23rd. Nine equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 698.39 ($9.40).
Standard Chartered (LON STAN) opened at GBX 727.20 ($9.79) on Tuesday. Standard Chartered has a fifty-two week low of GBX 633.86 ($8.53) and a fifty-two week high of GBX 860 ($11.57).
Standard Chartered Company Profile
Standard Chartered PLC is an international banking company. The Banks’s segments include Corporate & Institutional Banking, Retail Banking, Commercial Banking and Private Banking. Its Corporate & Institutional Banking segment allows companies and financial institutions to operate and trade globally, and its Private Banking segment supports high net worth individuals with their banking needs across borders and offers access to global investment opportunities.
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