Citigroup Reiterates Buy Rating for Standard Chartered (STAN)
Citigroup reiterated their buy rating on shares of Standard Chartered (LON:STAN) in a report published on Wednesday morning. They currently have a GBX 915 ($12.64) target price on the financial services provider’s stock.
A number of other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Standard Chartered to an overweight rating and upped their target price for the stock from GBX 800 ($11.05) to GBX 900 ($12.43) in a research report on Tuesday, December 5th. Barclays reiterated an underweight rating on shares of Standard Chartered in a research report on Wednesday, November 22nd. Credit Suisse Group reiterated an underperform rating and set a GBX 610 ($8.43) target price on shares of Standard Chartered in a research report on Monday, November 27th. Goldman Sachs Group set a GBX 980 ($13.54) target price on shares of Standard Chartered and gave the stock a buy rating in a research report on Thursday, January 25th. Finally, HSBC reiterated a reduce rating and set a GBX 630 ($8.70) target price on shares of Standard Chartered in a research report on Monday, January 29th. Eight investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Standard Chartered has an average rating of Hold and a consensus price target of GBX 737.20 ($10.19).
Standard Chartered (LON:STAN) opened at GBX 780 ($10.78) on Wednesday. Standard Chartered has a 12-month low of GBX 678.80 ($9.38) and a 12-month high of GBX 864.20 ($11.94). The stock has a market cap of $25,660.00 and a P/E ratio of 3,545.45.
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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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