Standard Chartered PLC (LON:STAN) Receives GBX 1,938.33 Consensus Target Price from Analysts

Standard Chartered PLC (LON:STAN) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 1,938.33.

STAN has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Standard Chartered from GBX 2,200 to GBX 2,220 and gave the company an “overweight” rating in a report on Wednesday, May 6th. UBS Group reaffirmed a “buy” rating and issued a GBX 2,130 price target on shares of Standard Chartered in a report on Monday, May 18th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,250 price target on shares of Standard Chartered in a report on Thursday, April 30th. Finally, Shore Capital Group raised shares of Standard Chartered to a “sell” rating in a report on Friday, May 1st.

More Standard Chartered News

Here are the key news stories impacting Standard Chartered this week:

• Positive Sentiment: Standard Chartered updated its $77.5 billion debt issuance programme with a new supplementary prospectus, a routine capital-markets step that can support funding flexibility and shows the bank remains active in debt markets. Article Title
• Positive Sentiment: The bank announced early redemptions of $1.5 billion of notes and €500 million of sustainability notes, which may be viewed as balance-sheet housekeeping that can reduce upcoming refinancing uncertainty. Article Title Article Title
• Positive Sentiment: Standard Chartered said the “crypto winter” is over and highlighted improving Bitcoin market signals, while separate reports cited its bullish calls on Uniswap and another altcoin; these headlines may be lifting sentiment because they reinforce the bank’s visibility in digital-asset research. Article Title Article Title Article Title
• Positive Sentiment: News that Standard Chartered is considering building a gold vault in Hong Kong could signal growth in its precious-metals and Asia franchise, which investors may see as an incremental business expansion opportunity. Article Title
• Neutral Sentiment: The bank also told investors to look past the recent “relief pop” in global markets following the U.S.-Iran MoU, which is more of a macro commentary than a direct driver of Standard Chartered’s earnings. Article Title

Standard Chartered Price Performance

Shares of LON STAN opened at GBX 2,008 on Friday. Standard Chartered has a 12-month low of GBX 1,152.50 and a 12-month high of GBX 2,073. The company has a market capitalization of £43.89 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.80 and a beta of 0.61. The firm’s 50-day moving average is GBX 1,856.10 and its two-hundred day moving average is GBX 1,782.31.

Insider Buying and Selling at Standard Chartered

In other news, insider Bill Winters acquired 86,027 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was acquired at an average price of GBX 1,507 per share, with a total value of £1,296,426.89. 0.39% of the stock is currently owned by corporate insiders.

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.