Standard Chartered’s (STAN) Hold Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Standard Chartered (LON:STAN) in a research report sent to investors on Monday morning,Digital Look reports. They currently have a GBX 970 ($12.24) price objective on the financial services provider’s stock.

Standard Chartered Stock Up 2.1 %

LON:STAN traded up GBX 24.50 ($0.31) during mid-day trading on Monday, reaching GBX 1,201 ($15.16). 9,683,566 shares of the stock were exchanged, compared to its average volume of 20,016,365. Standard Chartered has a 1 year low of GBX 633 ($7.99) and a 1 year high of GBX 1,211 ($15.28). The company has a 50 day simple moving average of GBX 1,054.61 and a 200-day simple moving average of GBX 910.83. The stock has a market capitalization 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.