Shares in Standard Chartered PLC (STAN.L) have fallen dramatically from recent highs of 738.6p. Will it continue, or is this an opportunity to pick up a bargain?

• Now trading at 641.4p (at time of writing). A return to previous highs would represent a rise of 15%.
• This stock is one of the most significant fallers in the period.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Shares -13% from 12-month highs; +11% from 12 month lows.

Latest News

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).

15 Jan:  Barclays Capital reiterates its underweight rating on Standard Chartered (STAN) and increased the target price to 650p (from 630p).

22 Nov:  Goldman Sachs reiterates its conviction buy rating on Standard Chartered (STAN) and reduced the target price to 1000p (from 1020p).

15 Nov:  Exane BNP Paribas has downgraded its rating on Standard Chartered (STAN) to underperform (from neutral).

14 Nov:  Goldman Sachs reiterates its conviction buy rating on Standard Chartered (STAN) and increased the target price to 1020p (from 990p).

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

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