Standard Chartered (LON:STAN) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Standard Chartered (LON:STANGet Free Report)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday,Digital Look reports. They presently have a GBX 2,450 price target on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 10.22% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 2,250 price target on shares of Standard Chartered in a research note on Wednesday. Shore Capital Group raised shares of Standard Chartered to a “sell” rating in a research report on Friday, May 1st. UBS Group restated a “buy” rating and set a GBX 2,130 price objective on shares of Standard Chartered in a research note on Monday, May 18th. JPMorgan Chase & Co. raised Standard Chartered to an “overweight” rating and boosted their price target for the stock from GBX 2,220 to GBX 2,270 in a research report on Tuesday, July 21st. Finally, Citigroup boosted their target price on shares of Standard Chartered from GBX 2,130 to GBX 2,230 and gave the stock a “neutral” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,114.17.

View Our Latest Research Report on Standard Chartered

Standard Chartered Stock Performance

Standard Chartered stock opened at GBX 2,222.76 on Thursday. Standard Chartered has a 1 year low of GBX 1,285 and a 1 year high of GBX 2,227. The firm has a 50 day moving average price of GBX 2,037.67 and a 200 day moving average price of GBX 1,856.04. The company has a market cap of £48.34 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.80 and a beta of 0.60.

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About Standard Chartered

(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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