JPMorgan Chase & Co. reiterated their overweight rating on shares of Standard Chartered (LON:STAN) in a research report released on Tuesday morning, Digital Look reports. They currently have a GBX 850 ($11.11) price objective on the financial services provider’s stock, up from their prior price objective of GBX 820 ($10.71).
Several other research analysts also recently issued reports on STAN. Morgan Stanley reiterated an underweight rating on shares of Standard Chartered in a report on Friday, July 26th. Goldman Sachs Group reiterated a conviction-buy rating and set a GBX 970 ($12.67) price target (down from GBX 980 ($12.81)) on shares of Standard Chartered in a report on Tuesday. Barclays reiterated an underweight rating on shares of Standard Chartered in a report on Wednesday, July 17th. UBS Group reiterated a neutral rating on shares of Standard Chartered in a report on Monday, July 29th. Finally, Royal Bank of Canada downgraded shares of Standard Chartered to an underperform rating and upped their price target for the stock from GBX 460 ($6.01) to GBX 580 ($7.58) in a report on Tuesday, April 30th. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 708.77 ($9.26).
Shares of STAN opened at GBX 610.60 ($7.98) on Tuesday. Standard Chartered has a one year low of GBX 514.20 ($6.72) and a one year high of GBX 742.60 ($9.70). The company has a market cap of $19.40 billion and a P/E ratio of 38.40. The firm has a 50 day simple moving average of GBX 690.32 and a two-hundred day simple moving average of GBX 661.60.
In other Standard Chartered news, insider Andrew Nigel (Andy) Halford acquired 23,701 shares of Standard Chartered stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average price of GBX 703 ($9.19) per share, with a total value of £166,618.03 ($217,715.97).
Standard Chartered Company Profile
Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.
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