Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating restated by research analysts at BNP Paribas in a research note issued on Thursday. They presently have a GBX 550 ($7.18) target price on the stock. BNP Paribas’ price objective would suggest a potential downside of 13.94% from the company’s previous close.
A number of other analysts have also recently weighed in on the stock. Goldman Sachs Group Inc. restated a “buy” rating on shares of Standard Chartered PLC in a research note on Monday, July 4th. Citigroup Inc. restated a “buy” rating and issued a GBX 750 ($9.79) price objective on shares of Standard Chartered PLC in a research note on Tuesday, August 9th. HSBC cut shares of Standard Chartered PLC to a “hold” rating and set a GBX 650 ($8.48) price objective for the company. in a research note on Wednesday, August 17th. Deutsche Bank AG restated a “sell” rating and issued a GBX 480 ($6.27) price objective (up from GBX 454 ($5.93)) on shares of Standard Chartered PLC in a research note on Friday, June 24th. Finally, Morgan Stanley restated an “underweight” rating and issued a GBX 487 ($6.36) price objective on shares of Standard Chartered PLC in a research note on Monday, July 11th. Eight analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 559.27 ($7.30).
Standard Chartered PLC (LON:STAN) opened at 625.00 on Thursday. The stock has a 50 day moving average of GBX 637.42 and a 200-day moving average of GBX 557.14. Standard Chartered PLC has a 52-week low of GBX 373.40 and a 52-week high of GBX 753.63. The company’s market capitalization is GBX 20.51 billion.
About Standard Chartered PLC
Standard Chartered PLC is an international banking company. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. Its segments include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients. Its Corporate and Institutional clients segment consists of global corporates, local corporates and financial Institutions.
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