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

Shares of Standard Chartered PLC (LON:STAN) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 979.67 ($12.70).

Several equities research analysts recently commented on STAN shares. JPMorgan Chase & Co. upped their target price on Standard Chartered from GBX 1,000 ($12.97) to GBX 1,020 ($13.23) and gave the company an “overweight” rating in a research report on Thursday, August 1st. Berenberg Bank restated a “buy” rating and set a GBX 1,100 ($14.27) price target on shares of Standard Chartered in a report on Wednesday, August 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Monday, September 2nd.

Standard Chartered Trading Down 1.3 %

Shares of Standard Chartered stock opened at GBX 900.40 ($11.68) on Friday. The business has a 50-day moving average price of GBX 798.97 and a two-hundred day moving average price of GBX 752.07. Standard Chartered has a 1-year low of GBX 571 ($7.41) and a 1-year high of GBX 918.40 ($11.91). The company has a market cap of £22.06 billion, a P/E ratio of 1,034.94, a PEG 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.