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Standard Chartered PLC 12.7% Potential Decrease Indicated by Deutsche Bank

Standard Chartered PLC using EPIC/TICKER code (LON:STAN) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today by analysts at Deutsche Bank. Standard Chartered PLC are listed in the Financials sector within UK Main Market. Deutsche Bank have set their target price at 630 GBX on its stock. This indicates the analyst believes there is a potential downside of -12.7% from the opening price of 721.8 GBX. Over the last 30 and 90 trading days the company share price has increased 38 points and increased 47.6 points respectively. The 1 year high for the share price is 742.6 GBX while the year low share price is currently 514.2 GBX.

Standard Chartered PLC has a 50 day moving average of 703.18 GBX and a 200 Day Moving Average share price is recorded at 636.84. There are currently 12,091,217,120 shares in issue with the average daily volume traded being 8,790,197. Market capitalisation for LON:STAN is £23,238,334,225 GBP.