Standard Chartered PLC (LON:STAN) has received an average rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 561.11 ($6.91).
A number of equities research analysts have recently commented on STAN shares. Barclays reaffirmed an “underweight” rating on shares of Standard Chartered in a research note on Thursday. Citigroup reaffirmed a “buy” rating on shares of Standard Chartered in a research note on Tuesday, July 21st. Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a research note on Thursday. Berenberg Bank reaffirmed a “buy” rating on shares of Standard Chartered in a research note on Thursday, July 2nd. Finally, BNP Paribas raised shares of Standard Chartered to a “neutral” rating and dropped their price objective for the stock from GBX 520 ($6.40) to GBX 500 ($6.15) in a research note on Monday, May 25th.
LON:STAN traded down GBX 8.30 ($0.10) during midday trading on Tuesday, hitting GBX 385.80 ($4.75). The company’s stock had a trading volume of 7,070,621 shares, compared to its average volume of 7,690,000. Standard Chartered has a fifty-two week low of GBX 4.27 ($0.05) and a fifty-two week high of GBX 740.80 ($9.12). The firm’s 50 day moving average is GBX 434.03 and its 200-day moving average is GBX 489.18. The firm has a market cap of $12.18 billion and a P/E ratio of 8.05.
Standard Chartered Company Profile
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.
Further Reading: Trading on Margin
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