This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Standard Chartered
Standard Chartered (STAN) / Financials
Shares in the emerging markets focused bank have been highly depressed in 2016 for obvious reasons – deep concerns about Chinese growth. However, a mildly positive Q1 results season for banks has seen Standard Chartered stage what could be the beginnings of a recovery. Shares are still trading at a lower price than they were immediately following the financial crash of 2008 – when the economic cogs of the world almost ground to a halt. In situations like this, we find ourselves asking whether or not things really are worse today than they got back then…
STAN, 7-year chart (Source: IT Finance)
Consensus Roundup
Bullish: JP Morgan, Overweight, Target 750p, +47% (12 May)
Consensus: Target 524p, +3% (17 May)
Bearish: Jefferies, Underperform, Target 381p, -25% (23 Feb)
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Prepared by Michael van Dulken, Head of Research
