Standard Chartered PLC (LON:STAN) Given Average Rating of “Hold” by Analysts

Shares of Standard Chartered PLC (LON:STAN) have earned an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 1,938.33.

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

Standard Chartered Trading Down 1.1%

Standard Chartered stock traded down GBX 24 on Tuesday, hitting GBX 2,126. 2,902,116 shares of the stock traded hands, compared to its average volume of 51,219,863. Standard Chartered has a 1 year low of GBX 1,225 and a 1 year high of GBX 2,160. The firm has a market cap of £46.47 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60. The business’s fifty day simple moving average is GBX 1,947.84 and its 200 day simple moving average is GBX 1,819.21.

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.