Brokerages Set Standard Chartered PLC (LON:STAN) Target Price at GBX 1,038

Standard Chartered PLC (LON:STAN) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,038 ($13.05).

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 970 ($12.20) price objective on shares of Standard Chartered in a research note on Monday, February 24th.

Standard Chartered Stock Performance

STAN opened at GBX 1,271.46 ($15.99) on Tuesday. The firm’s 50-day simple moving average is GBX 1,075.03 and its 200-day simple moving average is GBX 923.68. Standard Chartered has a twelve month low of GBX 635.20 ($7.99) and a twelve month high of GBX 1,272.50 ($16.00). The firm has a market cap of £38.39 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 0.80 and a beta of 0.85.

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.