November 25, 2016 - By Adrian Mccoy
The company have set TP of GBX 840.00 on Standard Chartered PLC (LON:STAN) shares. This is 31.37% from the previous stock close. In an analyst report issued to clients and investors on Friday morning, Goldman Sachs restate their Buy rating on shares of STAN.
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 628.42 average target is -0.88% below today’s (GBX 634) stock price. Standard Chartered PLC has been the topic of 190 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by Investec to “Hold” on Tuesday, February 16. The firm has “Outperform” rating by Bernstein given on Wednesday, February 10. The firm has “Buy” rating given on Friday, October 2 by Maybank Kim Eng. JP Morgan maintained Standard Chartered PLC (LON:STAN) rating on Wednesday, November 2. JP Morgan has “Overweight” rating and GBX 870 price target. The rating was maintained by JP Morgan on Wednesday, December 16 with “Overweight”. On Thursday, October 22 the stock rating was maintained by Investec with “Hold”. The rating was maintained by J.P. Morgan on Tuesday, October 27 with “Overweight”. UBS maintained Standard Chartered PLC (LON:STAN) rating on Friday, August 19. UBS has “Sell” rating and GBX 600 price target. The rating was maintained by Societe Generale on Tuesday, October 20 with “Hold”. UBS upgraded the stock to “Neutral” rating in Tuesday, November 15 report.
About 700,928 shares traded hands. Standard Chartered PLC (LON:STAN) has risen 12.71% since April 27, 2016 and is uptrending. It has outperformed by 7.30% the S&P500.
Standard Chartered PLC is an international banking company. The company has a market cap of 20.79 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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By Adrian Mccoy