Standard Chartered PLC (LON:STAN) Receives Consensus Rating of “Moderate Buy” from Analysts

Standard Chartered PLC (LON:STANGet Rating) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 821 ($10.02).

A number of research firms have recently commented on STAN. Shore Capital restated a “buy” rating on shares of Standard Chartered in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 900 ($10.98) target price on shares of Standard Chartered in a report on Thursday, October 27th. Berenberg Bank reiterated a “buy” rating and set a GBX 750 ($9.15) target price on shares of Standard Chartered in a report on Thursday, October 27th. UBS Group set a GBX 855 ($10.43) target price on shares of Standard Chartered in a report on Wednesday, October 26th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 800 ($9.76) target price on shares of Standard Chartered in a report on Tuesday.

Standard Chartered Trading Up 0.7 %

LON STAN opened at GBX 700 ($8.54) on Friday. The company’s 50-day moving average price is GBX 627.15 and its 200-day moving average price is GBX 595.42. The stock has a market cap of £20.26 billion and a PE ratio of 1,093.75. Standard Chartered has a 12 month low of GBX 431.30 ($5.26) and a 12 month high of GBX 797.40 ($9.73).

About Standard Chartered

(Get Rating)

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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Analyst Recommendations for Standard Chartered (LON:STAN)

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