Shares in Standard Chartered PLC (STAN.L) have dropped from recent highs of 738.6p. Are further falls imminent, or will investors benefit from this low price?

• A return to previous highs would represent a rise of 39%. Now trading at 531.2p (at time of writing).
• This stock is one of the most significant fallers in the period.
• Is the fall justified? Is a bounce due?
• The market has been known to over-react to negative news. Traders may wish to consider whether the fall is reasonable, or is the recent fall an over-reaction?
• Contrarian traders should be mindful of fundamentals and events, which can influence price. Check our website for updates.
• Shares -28% from 12-month highs; +0% from 12 month lows.

Latest News

05 Mar:  Goldman Sachs reiterates its buy rating on Standard Chartered (STAN) and reduced the target price to 870p (from 970p).

02 Mar:  Barclays Capital reiterates its underweight rating on Standard Chartered (STAN) and reduced the target price to 550p (from 650p).

02 Mar:  UBS reiterates its neutral rating on Standard Chartered (STAN) and reduced the target price to 590p (from 630p).

12 Feb:  Credit Suisse today initiates coverage of Standard Chartered (STAN) with a underperform rating and target price of 600p.

03 Feb:  UBS reiterates its neutral rating on Standard Chartered (STAN) and reduced the target price to 630p (from 690p).

28 Jan:  Investec has upgraded its rating on Standard Chartered (STAN) to hold (from sell) and reduced the target price to 660p (from 670p).

21 Jan:  RBC Capital Markets reiterates its underperform rating on Standard Chartered (STAN) and increased the target price to 265p (from 250p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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