Shares of Standard Chartered PLC (OTCMKTS:SCBFY – Get 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.
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.
- Get a free copy of the StockNews.com research report on Standard Chartered (SCBFY)
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