Standard Chartered
Does this Upgrade present an opportunity for you?
Is it irrelevant, or will the Upgrade make the Standard Chartered share price more attractive?
- Investec upgrades to Buy, with a target price of 630p.
- Consensus: 13 Buys, 7 Holds, 9 Sell; Avg target: 668p (Source: Bloomberg).
- Current share price 585p (at time of writing).
- Will the shares turn back, or will the upgrade push them towards 641p March highs?
- Shares -8.7% from 2019 highs; +1.9% from 2019 lows; -4% year-to date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Standard Chartered – An Example
Let’s say you think that Standard Chartered shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Standard Chartered using a CFD, at the current price of 585p. To do this, you need £2,000.
For the purpose of this example, let’s assume the Standard Chartered share price rises to 641p March highs (+9.5%). Your profit would be £950 from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Standard Chartered shares fall 3% and hit your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.