In a report released today, Robert Noble from Deutsche Bank reiterated a Buy rating on Standard Chartered (SCBFF – Research Report). The company’s shares closed last Monday at $7.36, close to its 52-week high of $7.65.
Noble has an average return of 9.4% when recommending Standard Chartered.
According to TipRanks.com, Noble is ranked #1297 out of 7780 analysts.
Standard Chartered has an analyst consensus of Moderate Buy, with a price target consensus of $7.82, a 2.2% upside from current levels. In a report issued on January 25, UBS also maintained a Buy rating on the stock with a £5.80 price target.
The company has a one-year high of $7.65 and a one-year low of $5.41. Currently, Standard Chartered has an average volume of 7,651.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is neutral on the stock.
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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.
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