Standard Chartered PLC (LON:STAN) Rating Reaffirmed
Recently, In analysts report issued on 2 December, Standard Chartered PLC (LON:STAN) shares have had their “Hold” Rating reiterated by research analysts at Deutsche Bank, who currently has a GBX 918.00 TP on company. This target by Deutsche Bank means the possibile upside of 61.99% from the closing share price.
From a total of 22 analysts covering Standard Chartered PLC (LON:STAN) stock, 7 rate it a ”Buy”, 6 a “Sell”, and 12 a ”Hold”. This means that 28% of the ratings are positive. The highest target price is GBX 17.17 while the lowest target price is GBX 5.72. The mean of all analyst targets is GBX 11.68 with a 38.11% above today’s (GBX 566.69) stock price. Standard Chartered PLC was the topic of 75 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on December 1 with “Hold” rating. Morgan Stanley maintained shares with “Underwt/In-Line” rating and GBX 542.52 target share price in a report from a November 23. Berenberg maintained STAN stock in a recent report from November 25 with “Hold” rating. Nomura maintained the rating on November 23. Nomura has a “Neutral” rating and a GBX 635 price target on shares. Finally, Citigroup maintained the stock with “Neutral” rating in a report issued on a November 24.
The stock increased 1.79% or GBX 9.99 on December 1, striking GBX 566.69. Approximately shares of stock traded hands. Standard Chartered PLC (LON:STAN) has declined 44.08% since May 5, 2015 and is downtrending. It has underperformed by 42.46% the S&P500.
Standard Chartered PLC is an international banking group. The company has a market cap of 18.22 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It has 12.86 P/E ratio. The Bank’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.