Citi analyst Andrew Coombs reiterated a Hold rating on Standard Chartered (SCBFF – Research Report) on October 16 and set a price target of HK$81.20. The company’s shares closed yesterday at $8.92.
Coombs covers the Financial sector, focusing on stocks such as Deutsche Bank AG, Standard Chartered, and UBS Group AG. According to TipRanks, Coombs has an average return of 6.8% and a 58.99% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Standard Chartered with a $12.02 average price target.
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SCBFF market cap is currently $24.2B and has a P/E ratio of 9.08.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SCBFF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Standard Chartered (SCBFF) Company Description:
Standard Chartered Plc engages in the provision of banking and financial services. It operates through the following segments: Corporate and Institutional Banking, Retail Banking, Commercial Banking, Private Banking, and Central and Other Items. The Corporate and Institutional Banking segment supports clients with transaction banking, corporate finance, financial markets, and borrowing needs. The Retail Banking segment offers digital banking services, such as deposits, payments, financing products and wealth management, as well as supporting business banking needs. The Commercial Banking segment consists of international financial solutions in areas such as trade finance, cash management, financial markets, and corporate finance. The Private Banking segment comprises of suite of investment, credit, and wealth planning solutions. The company was founded on November 18, 1969 and is headquartered in London, the United Kingdom.
Read More on SCBFF:
- Standard Chartered assumed with a Neutral at Goldman Sachs
- Standard Chartered price target raised to 990 GBp from 980 GBp at JPMorgan
- Standard Chartered downgraded to Underperform at Keefe Bruyette
- Standard Chartered Divests Aviation Leasing Unit to Streamline Operations
- Apollo affiliates, PK Airfinance to buy $920M secured aviation loan portfolio
