TOday’s Movers: Standard Chartered (LON:STAN) Stock Rating Restated by research analysts RBC Capital Markets; GBX 1018.42 Target Price Indicates 82.64% Potential

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Standard Chartered (LON:STAN) Rating Reaffirmed

Standard Chartered (LON:STAN) just had their share rating of a ‘”Sector Perform”‘ issued by research analysts at RBC Capital Markets, who now has a GBX 1018.42 target on the 18.34B GBP market cap company or a 82.64% upside potential. This key information was disclosed in recent note on Friday, 27 November.

From a total of 27 analysts covering Standard Chartered PLC (LON:STAN) stock, 8 rate it a ”Buy”, 5 a “Sell”, and 14 a ”Hold”. This means that 30% of the ratings are positive. The highest target price is GBX 1300 while the lowest target price is GBX 400. The mean of all analyst targets is GBX 795.62 with a 42.46% above today’s (GBX 558.49) stock price. Standard Chartered PLC was the topic of 74 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 27 with “Sector Perform” rating. Nomura maintained shares with “Neutral” rating and GBX 635 target share price in a report from a November 23. Macquarie Research maintained STAN stock in a recent report from November 24 with “Underperform” rating. Jefferies maintained the rating on November 17. Jefferies has a “Underperform” rating and a GBX 400 price target on shares. Finally, Morgan Stanley maintained the stock with “Underwt/In-Line” rating in a report issued on a November 23.

The stock decreased 1.26% or GBX 7.1 on November 27, striking GBX 558.49. Approximately 7.57 million shares of stock traded hands. Standard Chartered PLC (LON:STAN) has declined 47.71% since May 1, 2015 and is downtrending. It has underperformed by 46.81% the S&P500.

TOday’s Movers: Standard Chartered (LON:STAN) Stock Rating Restated by research analysts RBC Capital Markets; GBX 1018.42 Target Price Indicates 82.64% Potential

Standard Chartered PLC is an international banking group. The company has a market cap of 18.34 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It has 12.69 P/E ratio. The Bank’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.

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