UBS Group reissued their neutral rating on shares of Standard Chartered (LON:STAN) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also commented on STAN. Bank of America reaffirmed a buy rating on shares of Standard Chartered in a report on Thursday, April 18th. Royal Bank of Canada lowered shares of Standard Chartered to an underperform rating and raised their price target for the stock from GBX 460 ($6.01) to GBX 580 ($7.58) in a report on Tuesday, April 30th. Morgan Stanley reissued an underweight rating on shares of Standard Chartered in a report on Friday, July 26th. JPMorgan Chase & Co. reissued a top pick rating on shares of Standard Chartered in a report on Thursday, July 4th. Finally, Barclays reissued an underweight rating on shares of Standard Chartered in a report on Wednesday, July 17th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 712.07 ($9.30).
STAN stock opened at GBX 676.80 ($8.84) on Monday. Standard Chartered has a 52 week low of GBX 514.20 ($6.72) and a 52 week high of GBX 742.60 ($9.70). The firm’s fifty day simple moving average is GBX 707.43. The company has a market cap of $21.84 billion and a price-to-earnings ratio of 36.58.
About Standard Chartered
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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