Published On: Fri, Sep 23rd, 2016

Standard Chartered PLC’s (STAN) Underperform Rating Reiterated at BNP Paribas

Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating reaffirmed by research analysts at BNP Paribas in a research note issued to investors on Thursday. They currently have a GBX 550 ($7.18) price objective on the stock. BNP Paribas’ target price would indicate a potential downside of 15.61% from the company’s current price.
STAN has been the topic of a number of other research reports. Deutsche Bank AG restated a “sell” rating and issued a GBX 479 ($6.25) price objective on shares of Standard Chartered PLC in a research report on Monday, September 5th. Societe Generale restated a “hold” rating and issued a GBX 575 ($7.51) price objective on shares of Standard Chartered PLC in a research report on Friday, September 9th. Citigroup Inc. reaffirmed a “buy” rating on shares of Standard Chartered PLC in a research note on Wednesday, August 31st. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Standard Chartered PLC in a research note on Monday, July 4th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 770 ($10.05) target price on shares of Standard Chartered PLC in a research note on Monday, June 27th. Eight analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 559.27 ($7.30).

Standard Chartered PLC (LON:STAN) traded up 2.40% during midday trading on Thursday, reaching GBX 651.70. 9,377,829 shares of the company’s stock traded hands. The firm’s market cap is GBX 21.39 billion. Standard Chartered PLC has a 52-week low of GBX 373.40 and a 52-week high of GBX 753.63. The firm’s 50-day moving average is GBX 637.13 and its 200 day moving average is GBX 556.10.

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About Standard Chartered PLC
Standard Chartered PLC is an international banking company. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. Its segments include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients. Its Corporate and Institutional clients segment consists of global corporates, local corporates and financial Institutions.

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