Rating Coverage: Does Standard Chartered PLC (LON:STAN) Look Attractive? Credit Suisse Starts Coverage

November 29, 2016 - By Marie Mckinney

Why Credit Suisse Gives Standard Chartered PLC (LON:STAN) GBX 515.00 Price Target

Credit Suisse revealed to investors in a research report that it started coverage on Standard Chartered PLC (LON:STAN) stock, with a Underperform rating and a GBX 515.00 PT.

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 615.53 average target is -2.16% below today’s (GBX 629.1) stock price. Standard Chartered PLC has been the topic of 191 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Sunday, October 4 by Bernstein. Berenberg maintained the stock with “Buy” rating in Friday, May 20 report. On Thursday, August 6 the stock rating was maintained by Investec with “Hold”. The stock has “Outperform” rating given by Bernstein on Monday, September 7. The stock has “Sell” rating given by UBS on Friday, August 19. The firm has “Underperform” rating by Jefferies given on Monday, September 28. The stock of Standard Chartered PLC (LON:STAN) earned “Neutral” rating by Nomura on Monday, August 3. BNP Paribas maintained it with “Underperform” rating and GBX 550 target price in Tuesday, October 4 report. The rating was maintained by BNP Paribas with “Underperform” on Tuesday, February 9. The rating was maintained by Societe Generale on Tuesday, November 3 with “Hold”.

About 1.77 million shares traded hands. Standard Chartered PLC (LON:STAN) has risen 14.11% since April 29, 2016 and is uptrending. It has outperformed by 8.85% the S&P500.

Standard Chartered PLC is an international banking company. The company has a market cap of 20.62 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 Said to Cut 10% of Investment Banking Staff” on November 28, 2016, also Wsj.com with their article: “Standard Chartered Shares Drop as Earnings Disappoint” published on November 01, 2016, Bloomberg.com published: “Standard Chartered Surges as Impairment Drop Shows Progress” on August 03, 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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