Shore Capital Reiterates “Buy” Rating for Standard Chartered (STAN)
Several other research firms also recently issued reports on STAN. HSBC reiterated a reduce rating and set a GBX 630 ($8.70) price objective on shares of Standard Chartered in a research note on Monday, January 29th. Goldman Sachs Group set a GBX 980 ($13.54) price objective on shares of Standard Chartered and gave the stock a buy rating in a research note on Thursday, January 25th. UBS Group set a GBX 760 ($10.50) price objective on shares of Standard Chartered and gave the stock a neutral rating in a research note on Monday, January 15th. Berenberg Bank upgraded shares of Standard Chartered to a buy rating and boosted their price objective for the stock from GBX 700 ($9.67) to GBX 920 ($12.71) in a research note on Monday, February 5th. Finally, Deutsche Bank reiterated a hold rating and set a GBX 653 ($9.02) price objective on shares of Standard Chartered in a research note on Monday, February 5th. Eight analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 737.20 ($10.19).
Shares of Standard Chartered (STAN) opened at GBX 780 ($10.78) on Tuesday. Standard Chartered has a 52 week low of GBX 678.80 ($9.38) and a 52 week high of GBX 864.20 ($11.94). The stock has a market cap of $25,690.00 and a P/E ratio of 3,545.45.
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Standard Chartered Company Profile
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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