Standard Chartered (LON:STAN) Price Target Raised to GBX 2,230

Standard Chartered (LON:STANGet Free Report) had its price target increased by equities researchers at Citigroup from GBX 2,130 to GBX 2,230 in a research report issued on Thursday,Digital Look reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price objective would suggest a potential upside of 0.77% from the stock’s current price.

Several other analysts also recently commented on STAN. Shore Capital Group raised shares of Standard Chartered to a “sell” rating in a report on Friday, May 1st. UBS Group reissued a “buy” rating and issued a GBX 2,130 price target on shares of Standard Chartered in a report on Monday, May 18th. JPMorgan Chase & Co. upgraded shares of Standard Chartered to an “overweight” rating and raised their price objective for the stock from GBX 2,220 to GBX 2,270 in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 2,250 price objective on shares of Standard Chartered in a report on Wednesday. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Standard Chartered has a consensus rating of “Hold” and an average target price of GBX 2,022.50.

View Our Latest Stock Report on STAN

Standard Chartered Price Performance

STAN stock opened at GBX 2,213 on Thursday. The company has a fifty day moving average price of GBX 2,037.67 and a two-hundred day moving average price of GBX 1,856.04. Standard Chartered has a one year low of GBX 1,285 and a one year high of GBX 2,213.37. The stock has a market cap of £48.12 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60.

Standard Chartered News Roundup

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Standard Chartered Company Profile

(Get Free Report)

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.

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