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.

About Standard Chartered

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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Analyst Recommendations for Standard Chartered (LON:STAN)

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