Standard Chartered (LON:STAN) Stock Rating Reaffirmed by Citigroup

Standard Chartered (LON:STAN)‘s stock had its “neutral” rating reissued by equities research analysts at Citigroup in a research note issued on Monday, Marketbeat reports.

Several other research firms also recently commented on STAN. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,100 ($14.46) price objective on shares of Standard Chartered in a report on Wednesday, August 21st. JPMorgan Chase & Co. lifted their price objective on Standard Chartered from GBX 1,000 ($13.15) to GBX 1,020 ($13.41) and gave the stock an “overweight” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Standard Chartered has a consensus rating of “Moderate Buy” and an average target price of GBX 979.67 ($12.88).

Standard Chartered Price Performance

Shares of LON:STAN opened at GBX 754 ($9.91) on Monday. Standard Chartered has a 1-year low of GBX 571 ($7.51) and a 1-year high of GBX 796 ($10.47). The business has a fifty day moving average price of GBX 733.27 and a 200-day moving average price of GBX 713.08. The company has a market capitalization of £18.85 billion, a PE ratio of 888.84, a PEG ratio of 0.89 and a beta of 0.87.

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.