Deutsche Bank Aktiengesellschaft Reiterates “Hold” Rating for Standard Chartered (LON:STAN)

Standard Chartered (LON:STAN)‘s stock had its “hold” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a report 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 points to a potential downside of 19.23% from the company’s previous close.

Standard Chartered Price Performance

Shares of STAN traded up GBX 24.50 ($0.31) on Monday, reaching GBX 1,201 ($15.16). 9,683,566 shares of the stock traded hands, compared to its average volume of 20,016,365. The stock’s 50-day moving average price is GBX 1,054.61 and its 200-day moving average price is GBX 910.83. The firm has a market cap of £36.26 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 0.80 and a beta of 0.85. Standard Chartered has a 12 month low of GBX 633 ($7.99) and a 12 month high of GBX 1,211 ($15.28).

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.