Citibank: Raised the target price of Standard Chartered Group (02888) to HK$248.4, reaffirming the “neutral/high risk” rating

The Zhitong Finance App learned that Citi released a research report stating that it raised the target price of Standard Chartered Group (02888) from HK$232.4 to HK$248.4, reaffirming the “neutral/high risk” rating. The bank updated its assumptions for the Federal Reserve and the Bank of England. Currently, terminal interest rates are expected to be 4.75% and 4.25%, respectively, leading to an increase in Standard Chartered's net interest income forecast.

The bank accordingly raised Standard Chartered's 2026-2028 earnings forecast per share by 0% to 5%, which is 0% to 7% higher than market expectations. Based on the closing price of HK$239.4 on September 22, the expected stock price return is 3.8%, the expected dividend yield is 2.7%, and the total return is expected to be 6.5%.