Standard Chartered (STAN) Rating Increased to Add at Numis Securities

Standard Chartered (LON:STAN) was upgraded by research analysts at Numis Securities to an “add” rating in a report released on Wednesday. The brokerage currently has a GBX 720 ($9.41) target price on the financial services provider’s stock, up from their previous target price of GBX 600 ($7.84). Numis Securities’ target price would suggest a potential upside of 18.32% from the stock’s previous close.

STAN has been the subject of a number of other research reports. Shore Capital restated a “buy” rating on shares of Standard Chartered in a report on Thursday, February 21st. Barclays decreased their target price on Standard Chartered from GBX 550 ($7.19) to GBX 535 ($6.99) and set an “underweight” rating for the company in a report on Wednesday, February 27th. UBS Group restated a “neutral” rating and set a GBX 595 ($7.77) target price on shares of Standard Chartered in a report on Thursday, November 29th. Berenberg Bank decreased their target price on Standard Chartered from GBX 920 ($12.02) to GBX 800 ($10.45) and set a “buy” rating for the company in a report on Monday, February 4th. Finally, Goldman Sachs Group decreased their target price on Standard Chartered from GBX 930 ($12.15) to GBX 910 ($11.89) and set a “conviction-buy” rating for the company in a report on Friday, February 22nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Standard Chartered has an average rating of “Hold” and a consensus target price of GBX 689.43 ($9.01).

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Shares of STAN stock opened at GBX 608.50 ($7.95) on Wednesday. Standard Chartered has a fifty-two week low of GBX 678.80 ($8.87) and a fifty-two week high of GBX 864.20 ($11.29).

Standard Chartered Company Profile

Standard Chartered PLC provides various banking products and services in the Greater China and North Asia, ASEAN and South Asia, Africa and the Middle East, and Europe and America. The company operates in four segments: Corporate & Institutional Banking, Private Banking, Commercial Banking, and Retail Banking.

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