Standard Chartered (LON:STAN) Given Buy Rating at UBS Group

Standard Chartered (LON:STAN)‘s stock had its “buy” rating reaffirmed by equities research analysts at UBS Group in a report issued on Monday,Digital Look reports. They currently have a GBX 2,130 target price on the financial services provider’s stock. UBS Group’s price objective would indicate a potential upside of 12.34% from the company’s previous close.

STAN has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on Standard Chartered from GBX 2,200 to GBX 2,220 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Shore Capital Group raised shares of Standard Chartered to a “sell” rating in a report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,250 target price on shares of Standard Chartered in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Standard Chartered from GBX 1,700 to GBX 1,900 and gave the stock a “hold” rating in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 1,938.33.

Standard Chartered Stock Up 0.4%

Shares of STAN opened at GBX 1,896 on Monday. Standard Chartered has a 52 week low of GBX 1,113 and a 52 week high of GBX 1,938.20. The company has a market capitalization of £41.72 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 0.80 and a beta of 0.60. The stock’s 50-day moving average price is GBX 1,702.62 and its 200-day moving average price is GBX 1,728.19.

Insider Buying and Selling

In other Standard Chartered news, insider Bill Winters bought 86,027 shares of Standard Chartered stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of GBX 1,507 per share, with a total value of £1,296,426.89. Also, insider Peter Burrill sold 10,907 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of GBX 1,554, for a total value of £169,494.78. 0.38% of the stock is owned by insiders.

About Standard Chartered

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.