Standard Chartered (STAN)

Sector:

Banking

Index:

FTSE 100

666.80p
   
  • Change Today:
      5.20p
  • 52 Week High: 758.80
  • 52 Week Low: 573.80
  • Currency: UK Pounds
  • Shares Issued: 2,598.28m
  • Volume: 11,224,543
  • Market Cap: £17,325m
  • RiskGrade: 172

Goldman downgrades Standard Chartered to 'neutral'

By Michele Maatouk

Date: Thursday 02 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Goldman Sachs downgraded its stance on shares of Standard Chartered on Thursday to 'neutral' from 'buy'.
It pointed to the fact the shares have outperformed the European banks sector by 33% since August 2021 on the back of divergent rate hiking paths, and said this has now played out.

GS also noted that consensus appears to increasingly reflect the benefit of higher rates with 2023 NII forecasts up 18% over the last year.

Finally, Goldman said it sees more limited benefit from higher policy rates in Hong Kong.

GS said it sees better opportunities in UK domestic peers NatWest, which is rated 'buy' and on the 'Conviction List', and Lloyds, also rated 'buy'.

At 1100 GMT, StanChart shares were down 1.7% at 676p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Standard Chartered Market Data

Currency UK Pounds
Share Price 666.80p
Change Today 5.20p
% Change 0.79 %
52 Week High 758.80
52 Week Low 573.80
Volume 11,224,543
Shares Issued 2,598.28m
Market Cap £17,325m
RiskGrade 172

Standard Chartered Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.70% above the market average89.70% above the market average89.70% above the market average89.70% above the market average89.70% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Price Trend
29.51% above the market average29.51% above the market average29.51% above the market average29.51% above the market average29.51% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Income
11.78% above the market average11.78% above the market average11.78% above the market average11.78% above the market average11.78% above the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Growth
34.61% above the market average34.61% above the market average34.61% above the market average34.61% above the market average34.61% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 8
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Standard Chartered Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Mar-24 10-Aug-23
Paid 17-May-24 13-Oct-23
Amount 21.00¢ 6.00¢

Trades for 19-Apr-2024

Time Volume / Share Price
16:45 100,000 @ 667.20p
16:37 1,215,000 @ 659.39p
16:35 1,550,289 @ 666.80p
16:35 3,361 @ 666.80p
16:35 2,299 @ 666.80p

Standard Chartered Key Personnel

Chair José Viñals

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