Shares of Standard Chartered PLC (LON:STAN – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 979.67 ($12.70).
Several equities research analysts recently commented on STAN shares. JPMorgan Chase & Co. upped their target price on Standard Chartered from GBX 1,000 ($12.97) to GBX 1,020 ($13.23) and gave the company an “overweight” rating in a research report on Thursday, August 1st. Berenberg Bank restated a “buy” rating and set a GBX 1,100 ($14.27) price target on shares of Standard Chartered in a report on Wednesday, August 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Monday, September 2nd.
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Standard Chartered Trading Down 1.3 %
About Standard Chartered
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.
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