Rating Worth Watching: Standard Chartered (LON:STAN) Investors: Deutsche Reaffirms “Sell” Rating, Sees GBX 555.00/Share

November 24, 2016 - By Richard Conner

Standard Chartered (LON:STAN) Rating

Deutsche have a GBX 555.00 TP on the stock. The TP gives a potential downside of -12.85% from Standard Chartered (LON:STAN)‘s last stock close price. This rating was released in a research note on Thursday, 24 November.

Standard Chartered PLC (LON:STAN) Ratings Coverage

Out of 28 analysts covering Standard Chartered PLC (LON:STAN), 10 rate it a “Buy”, 11 “Sell”, while 7 “Hold”. This means 36% are positive. GBX 1300 is the highest target while GBX 330 is the lowest. The GBX 628.80 average target is -1.01% below today’s (GBX 635.2) stock price. Standard Chartered PLC has been the topic of 188 analyst reports since July 23, 2015 according to StockzIntelligence Inc. UBS upgraded the shares of STAN in a report on Tuesday, November 15 to “Neutral” rating. The stock has “Buy/Neutral” rating given by Goldman Sachs on Friday, February 26. The rating was maintained by Nomura on Monday, November 2 with “Neutral”. Societe Generale maintained the shares of STAN in a report on Wednesday, February 24 with “Hold” rating. Morgan Stanley maintained Standard Chartered PLC (LON:STAN) rating on Monday, November 23. Morgan Stanley has “Underwt/In-Line” rating and GBX 542.52 price target. The firm has “Underperform” rating given on Wednesday, January 13 by BNP Paribas. Barclays Capital maintained the stock with “Overweight” rating in Friday, July 24 report. The stock of Standard Chartered PLC (LON:STAN) has “Buy” rating given on Tuesday, March 15 by Berenberg. The rating was maintained by Maybank Kim Eng on Wednesday, September 16 with “Hold”. The firm earned “Outperform” rating on Friday, September 25 by Bernstein.

About 926,399 shares traded hands. Standard Chartered PLC (LON:STAN) has risen 12.32% since April 26, 2016 and is uptrending. It has outperformed by 6.91% the S&P500.

Standard Chartered PLC is an international banking company. The company has a market cap of 20.97 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It currently has negative earnings. The Company’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.

More notable recent Standard Chartered PLC (LON:STAN) news were published by: Bloomberg.com which released: “Standard Chartered Surges as Impairment Drop Shows Progress” on August 03, 2016, also Wsj.com with their article: “Standard Chartered Shares Drop as Earnings Disappoint” published on November 01, 2016, Bloomberg.com published: “Standard Chartered Closing $2 Billion Diamond Unit on Risk Fears” on June 14, 2016. More interesting news about Standard Chartered PLC (LON:STAN) were released by: Wsj.com and their article: “Standard Chartered to Close Private-Equity Unit” published on November 04, 2016 as well as Wsj.com‘s news article titled: “Standard Chartered Faces US Probe Over Indonesian Investment” with publication date: September 27, 2016.

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