Standard Chartered PLC (STAN) Rating Reiterated by Deutsche Bank AG
Deutsche Bank AG reiterated their sell rating on shares of Standard Chartered PLC (LON:STAN) in a research note issued to investors on Tuesday. Deutsche Bank AG currently has a GBX 668 ($9.01) target price on the financial services provider’s stock.
Several other equities research analysts have also recently commented on STAN. Goldman Sachs Group, Inc. (The) dropped their price target on shares of Standard Chartered PLC from GBX 1,000 ($13.48) to GBX 950 ($12.81) and set a buy rating on the stock in a research report on Tuesday, May 23rd. Barclays PLC boosted their price target on shares of Standard Chartered PLC from GBX 575 ($7.75) to GBX 620 ($8.36) and gave the stock an underweight rating in a research report on Friday, May 26th. HSBC Holdings plc reiterated a reduce rating and issued a GBX 640 ($8.63) price target on shares of Standard Chartered PLC in a research report on Thursday, June 8th. BNP Paribas reiterated a neutral rating and issued a GBX 750 ($10.11) price target on shares of Standard Chartered PLC in a research report on Wednesday, July 19th. Finally, Citigroup Inc. reiterated a buy rating on shares of Standard Chartered PLC in a research report on Friday, July 21st. Eight research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 700.06 ($9.44).
Standard Chartered PLC (LON:STAN) opened at 730.00 on Tuesday. The firm’s 50-day moving average is GBX 770.39 and its 200 day moving average is GBX 757.48. Standard Chartered PLC has a 12-month low of GBX 599.10 and a 12-month high of GBX 860.00. The stock’s market capitalization is GBX 24.00 billion.
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About Standard Chartered PLC
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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