By Michele Maatouk
Date: Wednesday 25 Feb 2026
LONDON (ShareCast) - (Sharecast News) - Shore Capital downgraded Standard Chartered to 'sell' from 'hold' on Wednesday on valuation grounds.
The broker said StanChart delivered a "strong" full-year performance on Tuesday, with a material increase in profitability and a step-up in return on tangible equity.
"The group also materially increased shareholder distributions, with a significantly higher-than-expected dividend alongside the announcement of a further $1.5bn share buyback," it said.
It pointed out that updated guidance targets a statutory RoTE of more than 12%, versus the broker's estimate of 12.8%, which Shore Capital expects to rise to around 14% by FY28 as restructuring rolls off.
"This underpins our revised target price of 1,490p, implying 17% downside from current levels, and suggests the shares are running ahead of fundamentals," it said. The target price was reduced from 1,500p.
| Currency | UK Pounds |
| Price | 2,055.00p |
| Change Today | -53.00p |
| 52 Week High | 2,339.00p |
| 52 Week Low | 1,517.50p |
| Volume | 3,376,760 |
| Shares Issued | 2,172.83m |
| Market Cap | £44,652m |
| Strong Buy | 2 |
| Buy | 5 |
| Neutral | 3 |
| Sell | 1 |
| Strong Sell | 0 |
| Total | 11 |
