Todays Report: The Standard Chartered PLC (STAN) Rating Reiterate by Berenberg Bank

The Standard Chartered PLC (STAN) Rating Reiterate by Berenberg Bank

Standard Chartered PLC (LON:STAN)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research note issued to investors on Wednesday. They currently have a GBX 750 ($9.37) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 18.20% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Royal Bank Of Canada cut shares of Standard Chartered PLC to an “underperform” rating and boosted their price objective for the stock from GBX 460 ($5.75) to GBX 570 ($7.12) in a research note on Monday, October 24th. Deutsche Bank AG boosted their price objective on shares of Standard Chartered PLC from GBX 479 ($5.98) to GBX 574 ($7.17) and gave the stock a “sell” rating in a research note on Tuesday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Standard Chartered PLC from GBX 800 ($10.00) to GBX 870 ($10.87) and gave the stock an “overweight” rating in a research note on Monday, October 24th. Societe Generale reissued a “hold” rating and issued a GBX 660 ($8.25) price objective on shares of Standard Chartered PLC in a research note on Wednesday, November 2nd. Finally, HSBC cut shares of Standard Chartered PLC to a “hold” rating and set a GBX 650 ($8.12) price objective on the stock. in a research note on Wednesday, August 17th. Ten investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 587.28 ($7.34).

Standard Chartered PLC (LON:STAN) traded down 0.36% during mid-day trading on Wednesday, hitting GBX 631.83. The company’s stock had a trading volume of 3,257,208 shares. Standard Chartered PLC has a 52-week low of GBX 373.40 and a 52-week high of GBX 719.30. The firm’s market cap is GBX 20.73 billion. The firm has a 50 day moving average of GBX 660.92 and a 200-day moving average of GBX 607.48.

In related news, insider José Viñals bought 2,000 shares of Standard Chartered PLC stock in a transaction dated Wednesday, November 16th. The stock was purchased at an average cost of GBX 639 ($7.98) per share, with a total value of £12,780 ($15,967.02).

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