Brokerages Set Standard Chartered PLC (LON:STAN) PT at GBX 951.33

Standard Chartered PLC (LON:STANGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 951.33 ($12.19).

A number of equities research analysts have recently issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a research note on Friday, February 23rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,300 ($16.66) price target on shares of Standard Chartered in a research report on Thursday, April 18th. Barclays increased their price target on shares of Standard Chartered from GBX 750 ($9.61) to GBX 800 ($10.25) and gave the company an “equal weight” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Standard Chartered in a research report on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods raised shares of Standard Chartered to a “market perform” rating and set a GBX 790 ($10.12) price target for the company in a research report on Monday, February 12th.

Get Our Latest Stock Report on STAN

Standard Chartered Price Performance

Shares of LON:STAN opened at GBX 744.40 ($9.54) on Tuesday. Standard Chartered has a one year low of GBX 571 ($7.32) and a one year high of GBX 796 ($10.20). The firm has a market capitalization of £18.98 billion, a price-to-earnings ratio of 845.91, a PEG ratio of 1.06 and a beta of 0.83. The company’s fifty day moving average price is GBX 724.09 and its 200-day moving average price is GBX 667.04.

Insider Buying and Selling

In other Standard Chartered news, insider Bill Winters sold 24,101 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of GBX 665 ($8.52), for a total transaction of £160,271.65 ($205,344.84). 1.38% of the stock is owned by company insiders.

About Standard Chartered

(Get Free Report

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.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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