Standard Chartered PLC (LON:STAN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Standard Chartered PLC (LON:STAN) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 2,266.

STAN has been the subject of several research reports. Shore Capital Group raised Standard Chartered to a “sell” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised Standard Chartered to an “overweight” rating and upped their price target for the stock from GBX 2,220 to GBX 2,270 in a research note on Tuesday, July 21st. UBS Group reiterated a “buy” rating and issued a GBX 2,130 price objective on shares of Standard Chartered in a report on Monday, May 18th. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,250 price objective on shares of Standard Chartered in a research report on Wednesday. Finally, Citigroup boosted their target price on shares of Standard Chartered from GBX 2,130 to GBX 2,230 and gave the company a “neutral” rating in a report on Thursday.

Standard Chartered Price Performance

Shares of STAN opened at GBX 2,193.86 on Friday. Standard Chartered has a one year low of GBX 1,285 and a one year high of GBX 2,254. The company has a 50-day simple moving average of GBX 2,048.25 and a two-hundred day simple moving average of GBX 1,861.36. The firm has a market capitalization of £47.71 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60.

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.