Standard Bank results preview

Standard Bank is set to release 1H2018 results on the 16th of August 2018.

Top Line estimates

Bloomberg consensus estimates are suggesting revenue for the six month period to be realised at R64.783bn and earnings (on an adjusted basis) to come in at around R7.72 per share.

StandardBank 15082018

Average Broker Ratings (Institutional View)

The average broker rating for Standard Bank (from a poll of thirteen brokers surveyed by Thompsons Reuters) is hold. The long term price target (12 month), as gauged by a median of analyst estimates is considered at 21532c.

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IG Client Positioning (Retail trader View)

The Standard Bank Group remains popular amongst IG clients with 71% of traders holding the stock (as of Wednesday the 15th of August) expecting the price to rise over the near term. 58% of trading activity in the last week amongst IG clients have been buys, while 60% of the last months trading activity on the stock has also been on the buy side.

Technical View

SB_Technical View 15082018

The daily price chart of Standard Bank is hinting at a short to medium term rebound. The price is trying to reverse out of oversold territory at gap support, while the 20 day simple moving average (red line) crossing over the 50 day simple moving average (green line) are suggestions of the rebound. The reversal/rebound remains valid if the share price can remain above (not close below) the 18450 level, in which case 20090 is the upside target favoured from the move. A break of the 20090 level considers 20500 as the next upside resistance target.

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This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.

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