Standard Chartered (STAN) Rating Increased to Buy at Investec
Several other analysts also recently weighed in on the company. HSBC dropped their price target on Standard Chartered from GBX 610 ($7.97) to GBX 590 ($7.71) and set a hold rating on the stock in a research note on Tuesday, March 19th. Numis Securities upgraded Standard Chartered to an add rating and boosted their price target for the company from GBX 600 ($7.84) to GBX 720 ($9.41) in a research note on Wednesday, March 13th. Goldman Sachs Group boosted their price target on Standard Chartered from GBX 910 ($11.89) to GBX 925 ($12.09) and gave the company a conviction-buy rating in a research note on Tuesday, March 12th. Deutsche Bank boosted their price target on Standard Chartered from GBX 580 ($7.58) to GBX 620 ($8.10) and gave the company a hold rating in a research note on Monday, March 4th. Finally, Shore Capital reiterated a buy rating on shares of Standard Chartered in a research note on Thursday, February 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 688 ($8.99).
Standard Chartered stock opened at GBX 583.60 ($7.63) on Monday. The stock has a market cap of $19.30 billion and a price-to-earnings ratio of 31.55. Standard Chartered has a fifty-two week low of GBX 514.20 ($6.72) and a fifty-two week high of GBX 787.30 ($10.29).
Standard Chartered Company Profile
Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.
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