Standard Chartered PLC 5.1% Potential Decrease Indicated by Deutsche Bank

Broker Ratings
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Standard Chartered PLC using EPIC/TICKER code (LON:STAN) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today by analysts at Deutsche Bank. Standard Chartered PLC are listed in the Financials sector within UK Main Market. Deutsche Bank have set a target price of 580 GBX on its stock. This is indicating the analyst believes there is a potential downside of -5.1% from the opening price of 611.4 GBX. Over the last 30 and 90 trading days the company share price has increased 21.4 points and increased 47.5 points respectively. The 52 week high for the stock is 864.2 GBX while the year low share price is currently 514.2 GBX.

Standard Chartered PLC has a 50 day moving average of 604.67 GBX and the 200 Day Moving Average price is recorded at 662.90. There are currently 3,308,946,754 shares in issue with the average daily volume traded being 6,681,149. Market capitalisation for LON:STAN is £19,948,201,327 GBP.

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    Standard Chartered PLC reports a robust Q3 2024, with a 41% profit increase, driven by Wealth Solutions and Global Markets growth strategies.

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