Standard Chartered (LON:STAN) Given “Neutral” Rating at Citigroup

Citigroup reiterated their neutral rating on shares of Standard Chartered (LON:STAN) in a report published on Monday, Digital Look reports.

STAN has been the topic of a number of other research reports. Morgan Stanley reaffirmed an underweight rating on shares of Standard Chartered in a research note on Tuesday, November 19th. Shore Capital reaffirmed a buy rating and set a GBX 850 ($11.18) price target on shares of Standard Chartered in a research note on Tuesday, January 14th. Goldman Sachs Group reaffirmed a conviction-buy rating and set a GBX 1,000 ($13.15) price target (down previously from GBX 1,020 ($13.42)) on shares of Standard Chartered in a research note on Friday, November 22nd. Barclays upped their price target on shares of Standard Chartered from GBX 630 ($8.29) to GBX 650 ($8.55) and gave the company an underweight rating in a research note on Wednesday, January 15th. Finally, UBS Group reaffirmed a neutral rating on shares of Standard Chartered in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 691.27 ($9.09).

Standard Chartered stock opened at GBX 690.40 ($9.08) on Monday. The company has a market cap of $21.75 billion and a price-to-earnings ratio of 37.93. The firm’s fifty day moving average is GBX 708.46 and its 200 day moving average is GBX 685.13. Standard Chartered has a 52-week low of GBX 573.80 ($7.55) and a 52-week high of GBX 742.60 ($9.77).

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.

Featured Story: What is the price-to-earnings growth (PEG) ratio?

Analyst Recommendations for Standard Chartered (LON:STAN)

Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.