Credit Suisse Group began coverage on shares of Standard Chartered (LON:STAN) in a research report released on Tuesday morning, Digital Look reports. The firm issued an underperform rating and a GBX 600 ($7.89) target price on the financial services provider’s stock.
STAN has been the topic of several other reports. BNP Paribas lowered Standard Chartered to an underperform rating in a research report on Friday, November 15th. Investec upgraded Standard Chartered to a hold rating and reduced their price target for the stock from GBX 670 ($8.81) to GBX 660 ($8.68) in a research report on Tuesday, January 28th. HSBC raised their price target on Standard Chartered from GBX 570 ($7.50) to GBX 590 ($7.76) and gave the stock a reduce rating in a research report on Tuesday, November 5th. Berenberg Bank restated a buy rating on shares of Standard Chartered in a research report on Monday, December 2nd. Finally, Goldman Sachs Group restated a conviction-buy rating and set a GBX 1,000 ($13.15) price target (down from GBX 1,020 ($13.42)) on shares of Standard Chartered in a research report on Friday, November 22nd. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 667 ($8.77).
Shares of Standard Chartered stock opened at GBX 635.20 ($8.36) on Tuesday. The firm has a market capitalization of $20.30 billion and a PE ratio of 34.90. The business’s 50-day moving average price is GBX 681.47 and its 200-day moving average price is GBX 676.86. Standard Chartered has a 12 month low of GBX 573.80 ($7.55) and a 12 month high of GBX 742.60 ($9.77).
Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.
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