Standard Chartered PLC (LON:STAN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Standard Chartered PLC (LON:STAN) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 951.33 ($12.07).

A number of analysts have commented on STAN shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of Standard Chartered in a research report on Thursday, May 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,300 ($16.49) target price on shares of Standard Chartered in a report on Thursday, April 18th. Finally, Barclays lifted their target price on shares of Standard Chartered from GBX 750 ($9.51) to GBX 800 ($10.15) and gave the stock an “equal weight” rating in a research report on Friday, May 3rd.

Standard Chartered Stock Down 0.8 %

Shares of LON:STAN opened at GBX 716 ($9.08) on Friday. The company has a market cap of £18.26 billion, a PE ratio of 813.64, a P/E/G ratio of 1.06 and a beta of 0.83. The company’s 50-day moving average price is GBX 741.70 and its 200 day moving average price is GBX 675.02. Standard Chartered has a fifty-two week low of GBX 571 ($7.24) and a fifty-two week high of GBX 796 ($10.10).

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.