Bank of America Corp. reissued their buy rating on shares of Standard Chartered PLC (LON:STAN) in a research report released on Wednesday morning, Stock Ratings News reports. Bank of America Corp. currently has a GBX 1,600 ($26.16) price objective on the stock.
Bank of America Corp. has also updated their ratings on a number of other stocks in the last week. The firm reiterated its buy rating on shares of Barclays. Also, Bank of America Corp. initiated coverage on shares of Neutral Tandem. They issued a neutral rating on that stock and set a $27.00 price target.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an underperform rating on shares of Standard Chartered PLC in a research note to investors on Tuesday. They now have a GBX 1,050 ($17.17) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Standard Chartered PLC from GBX 1,350 ($22.07) to GBX 1,250 ($20.44) in a research note to investors on Monday. They now have an underperform rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Standard Chartered PLC from GBX 1,750 ($28.61) to GBX 1,500 ($24.53) in a research note to investors on Thursday, December 5th. They now have a neutral rating on the stock. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 1,630.34 ($26.66).
Standard Chartered PLC (LON:STAN) traded up 0.23% during mid-day trading on Wednesday, hitting GBX 1293.50. The stock had a trading volume of 6,727,884 shares. Standard Chartered PLC has a one year low of GBX 1281.50 and a one year high of GBX 1860.50. The stock’s 50-day moving average is GBX 1458. and its 200-day moving average is GBX 1485.. The company’s market cap is £31.277 billion.
Standard Chartered PLC is the holding company. The Company operates globally and is principally engaged in the business of retail and commercial banking and the provision of other financial services.
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