Standard Chartered (LON:STAN – Get Rating) had its price target boosted by investment analysts at Barclays from GBX 780 ($9.56) to GBX 800 ($9.80) in a research note issued on Thursday, Marketbeat.com reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective indicates a potential upside of 31.58% from the company’s current price.
Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Standard Chartered from GBX 690 ($8.45) to GBX 730 ($8.94) and gave the company an “overweight” rating in a research report on Thursday, May 19th. Shore Capital restated a “buy” rating on shares of Standard Chartered in a research report on Friday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Standard Chartered from GBX 800 ($9.80) to GBX 900 ($11.03) and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley reiterated an “equal weight” rating on shares of Standard Chartered in a report on Wednesday, May 11th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 750 ($9.19) target price on shares of Standard Chartered in a report on Monday, August 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Standard Chartered currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 734 ($8.99).
Standard Chartered Trading Up 0.9 %
LON:STAN opened at GBX 608 ($7.45) on Thursday. Standard Chartered has a twelve month low of GBX 406.20 ($4.98) and a twelve month high of GBX 641 ($7.85). The company has a 50-day moving average of GBX 596.41 and a 200-day moving average of GBX 554.99. The firm has a market cap of £18.04 billion and a price-to-earnings ratio of 1,169.23.
Insider Transactions at Standard Chartered
Standard Chartered Company Profile
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.
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