Standard Chartered (LON:STAN) Earns Hold Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their hold rating on shares of Standard Chartered (LON:STAN) in a research note published on Monday, MarketBeat.com reports. The brokerage currently has a GBX 970 ($12.30) target price on the financial services provider’s stock.

Standard Chartered Price Performance

Shares of LON STAN opened at GBX 1,248.50 ($15.83) on Monday. The firm’s 50-day moving average is GBX 1,063.76 and its two-hundred day moving average is GBX 916.53. Standard Chartered has a 12-month low of GBX 635.20 ($8.06) and a 12-month high of GBX 1,256 ($15.93). The company has a market capitalization of £37.70 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.

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.