Standard Chartered (LON:STAN) Sell Rating Kept Today By Deutsche; The Target Price per Share is Set to GBX 674.00

July 26, 2017 - By Ellis Scott

Standard Chartered (LON:STAN) Rating Reaffirmed

In a note sent to investors and clients on 25 July, The Sell rating of Standard Chartered (LON:STAN) shares was reaffirmed by Analysts at Deutsche, who now has a GBX 674.00 TP on the stock. Deutsche’s TP gives a possible downside of -20.15 % from the last stock close price of the company.

Standard Chartered PLC (LON:STAN) Ratings Coverage

Among 29 analysts covering Standard Chartered PLC (LON:STAN), 9 have Buy rating, 12 Sell and 8 Hold. Therefore 31% are positive. Standard Chartered PLC has GBX 1300 highest and GBX 300 lowest target. GBX 638.30’s average target is -23.53% below currents GBX 834.7 stock price. Standard Chartered PLC had 232 analyst reports since July 23, 2015 according to SRatingsIntel. Haitong Securities maintained the shares of STAN in report on Tuesday, April 26 with “Buy” rating. The firm has “Overweight” rating given on Tuesday, September 8 by JP Morgan. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, February 24. The stock of Standard Chartered PLC (LON:STAN) earned “Buy” rating by Citigroup on Wednesday, March 8. The rating was maintained by AlphaValue with “Buy” on Thursday, August 20. The stock of Standard Chartered PLC (LON:STAN) earned “Neutral” rating by BNP Paribas on Wednesday, July 19. RBC Capital Markets maintained it with “Sector Perform” rating and GBX 600 target in Tuesday, January 5 report. Citigroup maintained Standard Chartered PLC (LON:STAN) on Thursday, November 3 with “Buy” rating. The rating was maintained by JP Morgan with “Overweight” on Monday, March 21. The rating was maintained by BNP Paribas with “Underperform” on Tuesday, November 8.

About 1.18 million shares traded. Standard Chartered PLC (LON:STAN) has 0.00% since July 26, 2016 and is . It has underperformed by 16.70% the S&P500.

Standard Chartered PLC is an international banking company. The company has market cap of 27.48 billion GBP. The Banks’s divisions include Corporate & Institutional Banking, Retail Banking, Commercial Banking and Private Banking. It currently has negative earnings. The Company’s Corporate & Institutional Banking segment allows companies and financial institutions to operate and trade globally, and its Private Banking segment supports high net worth individuals with their banking needs across borders and offers access to global investment opportunities.

Another recent and important Standard Chartered PLC (LON:STAN) news was published by Bloomberg.com which published an article titled: “China Early Data Show Resilient Economy” on July 25, 2017.

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