X

Get our occasional Market Report emails

sent straight to your inbox

There’s no charge for this.

Getting latest data loading
X

Request a Call to Trade

In addition to the daily Research emails, I would also like to receive the Accendo Markets Weekly Newsletter and occasional Market Report emails highlighting various trading opportunities.
When you enter your telephone number, we may call or message you occasionally with trading opportunities. You can opt out at any time
Home / Stocks and Markets at Lows / Standard Chartered PLC (STAN.L) 24-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Standard Chartered PLC (STAN.L) 24-02-20

Standard Chartered PLC (STAN.L) has fallen significantly from the highs of 738.6p. Will the trend carry, or is this the chance to catch a bargain?

 

  • Currently at 604.4p (at time of writing). A rally to the recent highs would be an increase of 22%.
  • Standard Chartered PLC (STAN.L) is one of the biggest fallers in the period.
  • Should this trend be respected, or are we about to see a big bounce?
  • The market will over-react to bad news. Is it is down for good reason, or is this an over-reaction?
  • Investors seeking a bargain should be mindful of underlying performance. Check our website and the company’s website for information on the stock.
  • Shares -18% from 12-month highs; +5% from 12 month lows.

Latest News

12 Feb:  Credit Suisse today initiates coverage of Standard Chartered (STAN) with a underperform rating and target price of 600p.

03 Feb:  UBS reiterates its neutral rating on Standard Chartered (STAN) and reduced the target price to 630p (from 690p).

28 Jan:  Investec has upgraded its rating on Standard Chartered (STAN) to hold (from sell) and reduced the target price to 660p (from 670p).

21 Jan:  RBC Capital Markets reiterates its underperform rating on Standard Chartered (STAN) and increased the target price to 265p (from 250p).

15 Jan:  Barclays Capital reiterates its underweight rating on Standard Chartered (STAN) and increased the target price to 650p (from 630p).

22 Nov:  Goldman Sachs reiterates its conviction buy rating on Standard Chartered (STAN) and reduced the target price to 1000p (from 1020p).

15 Nov:  Exane BNP Paribas has downgraded its rating on Standard Chartered (STAN) to underperform (from neutral).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.