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

Standard Chartered (LON:STAN)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank Aktiengesellschaft in a research note issued on Monday,Digital Look reports. They currently have a GBX 970 ($12.24) price objective 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 Trading Up 2.1 %

STAN stock traded up GBX 24.50 ($0.31) during trading on Monday, hitting GBX 1,201 ($15.16). The company had a trading volume of 9,683,566 shares, compared to its average volume of 20,016,365. The company has a fifty day moving average price of GBX 1,054.61 and a two-hundred day moving average price of GBX 910.83. Standard Chartered has a fifty-two week low of GBX 633 ($7.99) and a fifty-two week high of GBX 1,211 ($15.28). The company has a market cap 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.

About Standard Chartered

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.