Standard Chartered PLC (STAN) Rating Reiterated by Sanford C. Bernstein
http://www.emqtv.com/standard-chartered-plc-stan-rating-reiterated-by-sanford-c-bernstein-2/141711/
Posted by Deane Yates on Jan 19th, 2016
Standard Chartered PLC (LON:STAN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday, Market Beat.com reports. They currently have a GBX 951.80 ($13.58) target price on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 94.60% from the company’s previous close.
Shares of Standard Chartered PLC (LON:STAN) opened at 499.1500 on Friday. Standard Chartered PLC has a 52 week low of GBX 475.55 and a 52 week high of GBX 1,109.80. The firm has a 50-day moving average of GBX 529.71 and a 200 day moving average of GBX 719.49. The firm’s market cap is GBX 12.70 billion.
STAN has been the topic of several other research reports. Goldman Sachs upgraded shares of Standard Chartered PLC to a “buy” rating and lowered their price objective for the stock from GBX 1,080 ($15.41) to GBX 910 ($12.98) in a report on Thursday, October 8th. Investec upgraded shares of Standard Chartered PLC from a “hold” rating to a “buy” rating and lowered their target price for the company from GBX 970 ($13.84) to GBX 820 ($11.70) in a report on Tuesday, September 22nd. Macquarie downgraded shares of Standard Chartered PLC to an “underperform” rating and set a GBX 550 ($7.85) target price for the company. in a report on Thursday, November 5th. Nomura lowered their target price on shares of Standard Chartered PLC from GBX 1,055 ($15.05) to GBX 795 ($11.34) and set a “neutral” rating for the company in a report on Tuesday, September 29th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 1,050 ($14.98) target price on shares of Standard Chartered PLC in a report on Friday, October 9th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the stock. Standard Chartered PLC currently has a consensus rating of “Hold” and an average price target of GBX 773.02 ($11.03).