Standard Chartered (LON:STAN)‘s stock had its “conviction-buy” rating reiterated by equities researchers at Goldman Sachs in a research report issued on Friday.
Several other equities analysts have also commented on STAN. Deutsche Bank reissued a “hold” rating on shares of Standard Chartered in a report on Wednesday. Credit Suisse Group restated an “underperform” rating and issued a GBX 610 ($8.56) price objective on shares of Standard Chartered in a research note on Monday, March 19th. JPMorgan Chase restated an “overweight” rating and issued a GBX 900 ($12.63) price objective on shares of Standard Chartered in a research note on Wednesday, February 28th. Citigroup restated a “buy” rating and issued a GBX 915 ($12.84) price objective on shares of Standard Chartered in a research note on Wednesday, February 28th. Finally, Barclays initiated coverage on shares of Standard Chartered in a research note on Thursday, March 15th. They issued an “underweight” rating and a GBX 685 ($9.62) price objective for the company. Eight investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Standard Chartered currently has a consensus rating of “Hold” and a consensus price target of GBX 741.53 ($10.41).
LON:STAN opened at GBX 712.50 ($10.00) on Friday. Standard Chartered has a 12 month low of GBX 678.80 ($9.53) and a 12 month high of GBX 864.20 ($12.13).
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About Standard Chartered
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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