Standard Chartered PLC (STAN) Stock Rating Reaffirmed by BNP Paribas
Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating reissued by investment analysts at BNP Paribas in a research report issued on Thursday. They currently have a GBX 550 ($7.18) price target on the stock. BNP Paribas’ price target would indicate a potential downside of 13.58% from the stock’s previous close.
A number of other research firms have also recently weighed in on STAN. Deutsche Bank AG restated a “sell” rating and issued a GBX 479 ($6.25) price target on shares of Standard Chartered PLC in a report on Monday, September 5th. HSBC cut Standard Chartered PLC to a “hold” rating and set a GBX 650 ($8.48) price target on the stock. in a report on Wednesday, August 17th. Citigroup Inc. restated a “buy” rating and issued a GBX 750 ($9.79) price target on shares of Standard Chartered PLC in a report on Tuesday, August 9th. Barclays PLC restated an “equal weight” rating and issued a GBX 500 ($6.53) price target on shares of Standard Chartered PLC in a report on Friday, August 5th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 740 ($9.66) price target on shares of Standard Chartered PLC in a report on Friday, August 5th. Eight equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 559.27 ($7.30).
Shares of Standard Chartered PLC (LON:STAN) opened at 650.20 on Thursday. The stock’s market cap is GBX 21.34 billion. The company has a 50 day moving average price of GBX 635.41 and a 200 day moving average price of GBX 555.42. Standard Chartered PLC has a 12-month low of GBX 373.40 and a 12-month high of GBX 753.63.
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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