Key Stock Analysts at Natixis Reconfirmed their ‘”Reduce”’ rating for Standard Chartered (LON:STAN) Shares Today. Their PT Given is GBX 548


Standard Chartered (LON:STAN) Rating Reaffirmed

Standard Chartered (LON:STAN) just had their share rating of a ‘”Reduce”‘ issued by research analysts at Natixis, who now has a GBX 548 price target on the 18.09 billion GBP market cap company or a 0.53% upside potential. This key information was announced to investors in a comprehensive report on 3 December.

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 17.22 while the lowest target price is GBX 5.74. The mean of all analyst targets is GBX 11.53 with a 43.53% above today’s (GBX 545.3) stock price. Standard Chartered PLC was the topic of 77 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 2 with “Overweight” rating. Macquarie Research maintained shares with “Underperform” rating and GBX 523.49 target share price in a report from a November 24. Societe Generale maintained STAN stock in a recent report from December 1 with “Hold” rating. Citigroup maintained the rating on November 24. Citigroup has a “Neutral” rating and a GBX 615 price target on shares. Finally, Berenberg maintained the stock with “Hold” rating in a report issued on a November 25.

Approximately 4.03M shares of stock traded hands. Standard Chartered PLC (LON:STAN) has declined 45.63% since May 6, 2015 and is downtrending. It has underperformed by 45.34% the S&P500.

Key Stock Analysts at Natixis Reconfirmed their ‘

Standard Chartered PLC is an international banking group. The company has a market cap of 18.09 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It has 12.26 P/E ratio. The Bank’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.