Standard Chartered (LON:STAN) Research Coverage Started at Credit Suisse Group
Credit Suisse Group started coverage on shares of Standard Chartered (LON:STAN) in a report issued on Tuesday, Digital Look reports. The brokerage issued an underperform rating and a GBX 600 ($7.89) price objective on the financial services provider’s stock.
Several other analysts also recently issued reports on the stock. Investec raised shares of Standard Chartered to a hold rating and reduced their price target for the company from GBX 670 ($8.81) to GBX 660 ($8.68) in a research report on Tuesday, January 28th. BNP Paribas downgraded shares of Standard Chartered to an underperform rating in a research report on Friday, November 15th. Barclays reissued an underweight rating on shares of Standard Chartered in a research report on Tuesday, January 21st. Citigroup reissued a neutral rating on shares of Standard Chartered in a research report on Monday, January 20th. Finally, Berenberg Bank reissued a buy rating on shares of Standard Chartered in a research report on Monday, December 2nd. Six analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 667 ($8.77).
LON STAN opened at GBX 635.60 ($8.36) on Tuesday. The company has a fifty day simple moving average of GBX 683.31 and a 200 day simple moving average of GBX 677.20. Standard Chartered has a 12-month low of GBX 573.80 ($7.55) and a 12-month high of GBX 742.60 ($9.77). The company has a market cap of $20.27 billion and a P/E ratio of 34.92.
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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