Standard Chartered PLC (STAN) Receives GBX 687.18 Consensus Price Target from Brokerages
Shares of Standard Chartered PLC (LON:STAN) have been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 687.18 ($8.98).
Several research firms recently issued reports on STAN. Jefferies Financial Group raised Standard Chartered to a “buy” rating and raised their target price for the stock from GBX 348 ($4.55) to GBX 489 ($6.39) in a research note on Tuesday, April 9th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, April 10th. Barclays cut their target price on Standard Chartered from GBX 585 ($7.64) to GBX 550 ($7.19) and set an “underweight” rating on the stock in a research note on Tuesday, January 29th. Berenberg Bank cut their target price on Standard Chartered from GBX 920 ($12.02) to GBX 800 ($10.45) and set a “buy” rating on the stock in a research note on Monday, February 4th. Finally, Shore Capital reissued a “buy” rating on shares of Standard Chartered in a research note on Thursday, February 21st.
Shares of LON STAN traded down GBX 1.20 ($0.02) during trading hours on Wednesday, hitting GBX 671 ($8.77). The company’s stock had a trading volume of 5,003,785 shares, compared to its average volume of 7,690,000. The stock has a market capitalization of $22.20 billion and a PE ratio of 36.27. Standard Chartered has a 12 month low of GBX 514.20 ($6.72) and a 12 month high of GBX 787.30 ($10.29).
Standard Chartered Company Profile
Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.
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