Are Analysts Bullish Standard Chartered PLC (LON:STAN) After Last Week?

February 14, 2018 - By Peter Erickson

 Are Analysts Bullish Standard Chartered PLC (LON:STAN) After Last Week?

Standard Chartered PLC (LON:STAN) Ratings Coverage

Among 29 analysts covering Standard Chartered PLC (LON:STAN), 12 have Buy rating, 11 Sell and 6 Hold. Therefore 41% are positive. Standard Chartered PLC had 263 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Monday, September 7. Citigroup maintained the stock with “Buy” rating in Monday, February 12 report. The stock has “Buy” rating by Goldman Sachs on Tuesday, November 15. BNP Paribas maintained Standard Chartered PLC (LON:STAN) rating on Monday, August 8. BNP Paribas has “Underperform” rating and GBX 550 target. The rating was maintained by Investec on Thursday, October 22 with “Hold”. As per Tuesday, September 15, the company rating was maintained by BNP Paribas. The firm earned “Underperform” rating on Tuesday, June 21 by BNP Paribas. The firm earned “Buy” rating on Thursday, August 6 by Citigroup. The rating was maintained by Bernstein on Wednesday, February 10 with “Outperform”. The stock of Standard Chartered PLC (LON:STAN) has “Hold” rating given on Tuesday, November 3 by Societe Generale. Below is a list of Standard Chartered PLC (LON:STAN) latest ratings and price target changes.

12/02/2018 Broker: Citigroup Rating: Buy Maintain
05/02/2018 Broker: Berenberg Rating: Buy Old Target: GBX 700.00 New Target: GBX 920.00 Upgrade
29/01/2018 Broker: HSBC Rating: Reduce New Target: GBX 630.00 Maintain
15/12/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 900.00 New Target: GBX 900.00 Maintain
06/12/2017 Broker: Citigroup Rating: Buy Maintain
05/12/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 800.00 New Target: GBX 900.00 Upgrade
29/11/2017 Broker: Citigroup Rating: Buy Maintain
29/11/2017 Broker: Berenberg Rating: Hold New Target: GBX 700.00 Maintain
29/11/2017 Broker: HSBC Rating: Reduce Old Target: GBX 630.00 New Target: GBX 630.00 Maintain
29/11/2017 Broker: Credit Suisse Rating: Underperform Old Target: GBX 610.00 New Target: GBX 610.00 Maintain

The stock increased 0.37% or GBX 3 during the last trading session, reaching GBX 806.8. About 1.01M shares traded. Standard Chartered PLC (LON:STAN) has 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Standard Chartered PLC provides various banking services and products in Asia, Africa, and the Middle East. The company has market cap of 26.56 billion GBP. The firm operates in four divisions: Corporate & Institutional Banking, Private Banking, Commercial Banking, and Retail Banking. It has a 1008.5 P/E ratio. It offers personal banking services, including savings and accounts; personal, instalment, or revolving loans; mortgages; credit cards; life, savings and retirement planning, health and medical, home, motor, and travel insurance products; investment advisory services; retail FX products; mutual funds; and employee banking services.

Another recent and important Standard Chartered PLC (LON:STAN) news was published by Foxbusiness.com which published an article titled: “Standard Chartered Sets Up Financial Technology Investment Unit” on January 17, 2018.

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