TOday’s Movers: Standard Chartered PLC (LON:STAN) Stock Rating Maintained by Berenberg; GBX 950.00 Target Price Indicates 80.61% Potential

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Standard Chartered PLC (LON:STAN) Rating Reaffirmed

Recently, In an interesting research report distributed on 7 December, Standard Chartered PLC (LON:STAN) shares have had their “Hold” Rating has restated by professional analysts at Berenberg, who currently has a GBX 950.00 target on company. This target by Berenberg would now indicate the possibile upside of 80.61% from the last close 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 17.07 while the lowest target price is GBX 5.69. The mean of all analyst targets is GBX 11.43 with a 46.47% above today’s (GBX 527.3) stock price. Standard Chartered PLC was the topic of 79 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 4 with “Outperform” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and GBX 1018.42 target share price in a report from a November 27. JP Morgan maintained STAN stock in a recent report from December 2 with “Overweight” rating. Berenberg maintained the rating on November 25. Berenberg has a “Hold” rating and a GBX 950 price target on shares. Finally, Societe Generale maintained the stock with “Hold” rating in a report issued on a December 1.

Approximately 583,481 shares of stock traded hands. Standard Chartered PLC (LON:STAN) has declined 47.66% since May 8, 2015 and is downtrending. It has underperformed by 46.58% the S&P500.

TOday’s Movers: Standard Chartered PLC (LON:STAN) Stock Rating Maintained by Berenberg; GBX 950.00 Target Price Indicates 80.61% Potential

Standard Chartered PLC is an international banking group. The company has a market cap of 17.29 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It has 12.01 P/E ratio. The Bank’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.

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