In a report released today, Andrew Coombs from Citi maintained a Hold rating on Standard Chartered (SCBFF – Research Report). The company’s shares closed last Friday at $7.42.
According to TipRanks, Coombs is a 4-star analyst with an average return of 5.0% and a 49.66% success rate. Coombs covers the Financial sector, focusing on stocks such as Deutsche Bank AG, Standard Chartered, and UBS Group AG.
The word on The Street in general, suggests a Hold analyst consensus rating for Standard Chartered with a $12.12 average price target, implying a 63.34% upside from current levels. In a report released on October 26, Barclays also assigned a Hold rating to the stock with a £8.50 price target.
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The company has a one-year high of $10.00 and a one-year low of $5.70. Currently, Standard Chartered has an average volume of 5,637.
Based on the recent corporate insider activity of 76 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.
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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 price target lowered to 835 GBp from 891 GBp at Morgan Stanley
- Standard Chartered price target lowered to 850 GBp from 860 GBp at Barclays
- 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
