Shares of Standard Chartered PLC (LON:STAN – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 974 ($11.96).
A number of equities analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Standard Chartered from GBX 980 ($12.03) to GBX 990 ($12.16) and gave the stock an “overweight” rating in a research note on Thursday, September 7th. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research report on Monday, October 16th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,100 ($13.51) price objective on shares of Standard Chartered in a research report on Monday, November 6th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a research note on Friday, July 28th.
Standard Chartered Trading Down 1.2 %
About Standard Chartered
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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