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Home / Stocks and Markets at Lows / Standard Chartered PLC (STAN.L) 24-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Standard Chartered PLC (STAN.L) 24-02-20

Standard Chartered PLC (STAN.L) has fallen significantly from the highs of 738.6p. Will the trend carry, or is this the chance to catch a bargain?

 

  • Currently at 604.4p (at time of writing). A rally to the recent highs would be an increase of 22%.
  • Standard Chartered PLC (STAN.L) is one of the biggest fallers in the period.
  • Should this trend be respected, or are we about to see a big bounce?
  • The market will over-react to bad news. Is it is down for good reason, or is this an over-reaction?
  • Investors seeking a bargain should be mindful of underlying performance. Check our website and the company’s website for information on the stock.
  • Shares -18% from 12-month highs; +5% from 12 month lows.

Latest News

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).

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).

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

 

Click to enlarge

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