Morgan Stanley analyst Nick Lord maintained a Hold rating on Standard Chartered (SCBFF – Research Report) today and set a price target of p1,118.00.
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Nick Lord has given his Hold rating due to a combination of factors that balance out to a neutral position. The bank’s financial performance showed a positive surprise in underlying profit before tax, mainly due to strong revenue and favorable capital returns. However, some of these gains were offset by higher software impairment charges, which affected the overall bottom line.
Despite a robust capital return through dividends and share buybacks, the outlook remains stable with no significant changes. Additionally, there is an increase in the cost target for 2026 due to adjustments in deposit insurance payments, which tempers the otherwise positive financial outcomes. These mixed results lead to a Hold rating as the stock’s potential upside appears limited in the short term.
In another report released on February 11, Citi also maintained a Hold rating on the stock with a £11.70 price target.