Standard Chartered (LON:STAN) Earns “Hold” Rating from Deutsche Bank Aktiengesellschaft

Standard Chartered (LON:STAN)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a note issued to investors on Monday, Marketbeat reports. They currently have a GBX 970 ($12.29) target price on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential downside of 19.23% from the company’s previous close.

Standard Chartered Price Performance

Standard Chartered stock opened at GBX 1,201 ($15.22) on Monday. The business has a 50 day moving average of GBX 1,058.80 and a 200-day moving average of GBX 914.19. The company has a market capitalization of £36.26 billion, a P/E ratio of 10.81, a P/E/G ratio of 0.80 and a beta of 0.85. Standard Chartered has a 1 year low of GBX 633 ($8.02) and a 1 year high of GBX 1,211 ($15.35).

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.