Standard Chartered PLC (OTCMKTS:SCBFY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Standard Chartered PLC (OTCMKTS:SCBFYGet Rating) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $590.00.

SCBFY has been the subject of several recent analyst reports. Barclays raised their target price on Standard Chartered from GBX 550 ($7.16) to GBX 590 ($7.68) in a research note on Wednesday, January 26th. UBS Group lifted their price target on Standard Chartered from GBX 530 ($6.90) to GBX 580 ($7.55) in a research note on Tuesday, January 25th. Finally, JPMorgan Chase & Co. lifted their price target on Standard Chartered from GBX 570 ($7.42) to GBX 600 ($7.81) in a research note on Thursday, January 13th.

Shares of Standard Chartered stock traded down $0.54 during trading hours on Monday, hitting $13.30. 24,700 shares of the company’s stock traded hands, compared to its average volume of 29,374. The stock has a 50 day simple moving average of $13.73 and a 200-day simple moving average of $13.23. Standard Chartered has a twelve month low of $10.88 and a twelve month high of $16.03.

About Standard Chartered (Get Rating)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.

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Analyst Recommendations for Standard Chartered (OTCMKTS:SCBFY)

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