Standard Chartered (LON:STAN)‘s stock had its “buy” rating restated by equities research analysts at Citigroup in a research note issued on Wednesday. They currently have a GBX 915 ($12.64) target price on the financial services provider’s stock. Citigroup’s price objective indicates a potential upside of 9.06% from the company’s previous close.
A number of other research firms also recently issued reports on STAN. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 900 ($12.43) price objective on shares of Standard Chartered in a report on Friday, December 15th. Credit Suisse Group decreased their price objective on shares of Standard Chartered from GBX 620 ($8.57) to GBX 610 ($8.43) and set an “underperform” rating for the company in a report on Friday, November 3rd. Barclays restated an “underweight” rating and set a GBX 620 ($8.57) price objective on shares of Standard Chartered in a report on Tuesday, November 14th. Berenberg Bank upgraded shares of Standard Chartered to a “buy” rating and raised their price objective for the stock from GBX 700 ($9.67) to GBX 920 ($12.71) in a report on Monday, February 5th. Finally, Deutsche Bank upgraded shares of Standard Chartered to a “hold” rating and decreased their price objective for the stock from GBX 670 ($9.26) to GBX 653 ($9.02) in a report on Thursday, November 2nd. Eight research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Standard Chartered has a consensus rating of “Hold” and a consensus price target of GBX 734.53 ($10.15).
Shares of Standard Chartered (STAN) opened at GBX 839 ($11.59) on Wednesday. Standard Chartered has a 1-year low of GBX 678.80 ($9.38) and a 1-year high of GBX 864.20 ($11.94).
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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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