Analysts at Bernstein Maintained their Past ‘Outperform’ rating on Shares Standard Chartered (LON:STAN), Set a GBX 951.8 Target

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Standard Chartered (LON:STAN) Rating Reaffirmed

Bernstein now has a GBX 951.8 PT on the 17.16 billion GBP market cap company or 80.47% upside potential. In a note released on 4 December, Standard Chartered (LON:STAN) shares have had their Outperform Rating has decided to reaffirm by equity research analysts at Bernstein.

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 17.07 while the lowest target price is GBX 5.69. The mean of all analyst targets is GBX 11.43 with a 47.76% above today’s (GBX 529.7) stock price. Standard Chartered PLC was the topic of 78 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Natixis maintained shares on December 3 with “Reduce” rating. Berenberg maintained shares with “Hold” rating and GBX 950 target share price in a report from a November 25. Deutsche Bank maintained STAN stock in a recent report from December 2 with “Hold” rating. Macquarie Research maintained the rating on November 24. Macquarie Research has a “Underperform” rating and a GBX 523.49 price target on shares. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on a November 27.

Approximately 3.35 million shares of stock traded hands. Standard Chartered PLC (LON:STAN) has declined 46.29% since May 7, 2015 and is downtrending. It has underperformed by 43.51% the S&P500.

Analysts at Bernstein Maintained their Past ‘Outperform’ rating on Shares Standard Chartered (LON:STAN), Set a GBX 951.8 Target

Standard Chartered PLC is an international banking group. The company has a market cap of 17.16 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It has 12.07 P/E ratio. The Bank’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.

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