Breaking: Bernstein Maintains GBX 951.8 Target On Standard Chartered (LON:STAN) Shares, Maintains Their Original Outperform Rating

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Standard Chartered (LON:STAN) Rating Reaffirmed

In a very recent research note issued to clients and investors on Tuesday morning, The Outperform rating of Standard Chartered (LON:STAN) shares was reconfirmed at Bernstein, who now has a GBX 951.8 target price per share on the stock. Bernstein’s target price per share would indicate a possible upside of 98.89% from the previous stock close of the company.

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 17.34 while the lowest target price is GBX 5.78. The mean of all analyst targets is GBX 11.39 with a 58.38% above today’s (GBX 480.9) stock price. Standard Chartered PLC was the topic of 82 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Natixis upgraded shares on December 10 to “Neutral” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 918 target share price in a report from a December 2. Berenberg maintained STAN stock in a recent report from December 7 with “Hold” rating. Societe Generale maintained the rating on December 1. Societe Generale has a “Hold” rating and a GBX 714 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a December 2.

Approximately 2.94M shares of stock traded hands. Standard Chartered PLC (LON:STAN) has declined 52.46% since May 18, 2015 and is downtrending. It has underperformed by 48.79% the S&P500.

Breaking: Bernstein Maintains GBX 951.8 Target On Standard Chartered (LON:STAN) Shares, Maintains Their Original Outperform Rating

Standard Chartered PLC is an international banking group. The company has a market cap of 15.51 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It has 11.51 P/E ratio. The Bank’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.

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