Discussion stirs around Standard Chartered PLC (LON:STAN) this week; here is what analysts are saying.

June 18, 2018 - By reb123z

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Standard Chartered PLC (LON:STAN) Ratings Coverage

Among 11 analysts covering Standard Chartered (LON:STAN), 5 have Buy rating, 5 Sell and 1 Hold. Therefore 45% are positive. Standard Chartered had 19 analyst reports since January 29, 2018 according to SRatingsIntel. On Monday, January 29 the stock rating was maintained by HSBC with “Reduce”. JP Morgan maintained Standard Chartered PLC (LON:STAN) on Wednesday, February 28 with “Overweight” rating. Morgan Stanley maintained the shares of STAN in report on Wednesday, April 25 with “Underweight” rating. As per Wednesday, April 4, the company rating was maintained by Deutsche Bank. The rating was maintained by Morgan Stanley with “Underweight” on Wednesday, February 28. Goldman Sachs maintained the stock with “Conviction Buy” rating in Friday, April 6 report. The stock has “Sell” rating by Investec on Friday, March 2. Credit Suisse maintained the stock with “Underperform” rating in Monday, March 19 report. The stock of Standard Chartered PLC (LON:STAN) has “Conviction Buy” rating given on Monday, March 26 by Goldman Sachs. On Wednesday, May 2 the stock rating was maintained by Shore Capital with “Buy”. Below is a list of Standard Chartered PLC (LON:STAN) latest ratings and price target changes.

08/06/2018 Broker: Citigroup Rating: Buy Old Target: GBX 915.00 New Target: GBX 910.00 Maintain
04/05/2018 Broker: Berenberg Rating: Buy Old Target: GBX 920.00 Maintain
04/05/2018 Broker: Deutsche Bank Rating: Hold Old Target: GBX 680.00 New Target: GBX 725.00 Maintain
04/05/2018 Broker: Credit Suisse Rating: Underperform Old Target: GBX 610.00 Maintain
02/05/2018 Broker: Shore Capital Rating: Buy New Target: GBX 769.00 Maintain
25/04/2018 Broker: Morgan Stanley Rating: Underweight Old Target: GBX 700.00 New Target: GBX 700.00 Maintain
06/04/2018 Broker: Goldman Sachs Rating: Conviction Buy Old Target: GBX 980.00 Maintain
04/04/2018 Broker: Deutsche Bank Rating: Hold Old Target: GBX 653.00 Maintain
26/03/2018 Broker: Goldman Sachs Rating: Conviction Buy New Target: GBX 980.00 Maintain
19/03/2018 Broker: Credit Suisse Rating: Underperform Old Target: GBX 610.00 New Target: GBX 610.00 Maintain

The stock decreased 0.21% or GBX 1.5 during the last trading session, reaching GBX 710. About 4.82 million shares traded. Standard Chartered PLC (LON:STAN) has 0.00% since June 18, 2017 and is . It has underperformed by 12.57% 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 23.43 billion GBP. The firm operates in four divisions: Corporate & Institutional Banking, Private Banking, Commercial Banking, and Retail Banking. It has a 30.47 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 Equitiesfocus.com which published an article titled: “Standard Chartered (LON:STAN) Price Target Cut to GBX 910 by Analysts at Citigroup” on June 16, 2018.

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