Will the Recent Natixis Upgrade Help Standard Chartered (LON:STAN) Shares This Week?


Standard Chartered (LON:STAN) Stock Upgrade

London-listed Standard Chartered (LON:STAN), was raised by equity research analysts at Natixis today. Natixis raised its rating on the 17.11B GBP market capitalized company to a Neutral, and decided to leave its PT of GBX 522 on STAN shares.

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 17.19 while the lowest target price is GBX 5.73. The mean of all analyst targets is GBX 11.51 with a 48.13% above today’s (GBX 514.9) stock price. Standard Chartered PLC was the topic of 81 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. J.P. Morgan maintained shares on December 7 with “Overweight” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 918 target share price in a report from a December 2. Bernstein maintained STAN stock in a recent report from December 4 with “Outperform” 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 3.46 million shares of stock traded hands. Standard Chartered PLC (LON:STAN) has declined 47.88% since May 13, 2015 and is downtrending. It has underperformed by 45.94% the S&P500.

 Will the Recent Natixis Upgrade Help Standard Chartered (LON:STAN) Shares This Week?

Standard Chartered PLC is an international banking group. The company has a market cap of 17.11 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It has 11.63 P/E ratio. The Bank’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.