Standard Chartered (LON:STAN) Overweight Rating Has Just Been Reiterated by JP Morgan Cazenove


Standard Chartered (LON:STAN) Rating Reaffirmed

This Morning, JP Morgan Cazenove reiterated their Overweight rating on Standard Chartered (LON:STAN) shares in analysts note disseminated.

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 43.87% above today’s (GBX 544.02) stock price. Standard Chartered PLC was the topic of 76 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 2 with “Hold” rating. Citigroup maintained shares with “Neutral” rating and GBX 615 target share price in a report from a November 24. RBC Capital Markets maintained STAN stock in a recent report from November 27 with “Sector Perform” rating. Morgan Stanley maintained the rating on November 23. Morgan Stanley has a “Underwt/In-Line” rating and a GBX 542.52 price target on shares. Finally, Macquarie Research maintained the stock with “Underperform” rating in a report issued on a November 24.

The stock decreased 2.28% or GBX 12.68 on December 2, striking GBX 544.02. Approximately 11.86 million shares of stock traded hands or 17.19% up from the average. Standard Chartered PLC (LON:STAN) has declined 44.08% since May 5, 2015 and is downtrending. It has underperformed by 43.88% the S&P500.

Standard Chartered (LON:STAN) Overweight Rating Has Just Been Reiterated by JP Morgan Cazenove

Standard Chartered PLC is an international banking group. The company has a market cap of 17.49 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It has 12.34 P/E ratio. The Bank’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.