Standard Chartered PLC (STAN.L) – What Are Analysts Saying About This Stock?

Standard Chartered PLC (LON:STAN) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 2,492.

STAN has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,040 target price on shares of Standard Chartered in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,450 price target on shares of Standard Chartered in a research report on Thursday, July 30th. JPMorgan Chase & Co. lifted their price objective on Standard Chartered from GBX 2,330 to GBX 2,470 and gave the company an “overweight” rating in a research note on Tuesday, September 8th. Finally, Citigroup boosted their price objective on Standard Chartered from GBX 2,230 to GBX 2,370 and gave the company a “neutral” rating in a report on Wednesday, September 23rd.

Insider Buying and Selling

In related news, Chief Group Executive Bill Winters purchased 300,000 shares of Standard Chartered stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of GBX 2,221 per share, for a total transaction of £6,663,000. 0.38% of the stock is currently owned by company insiders.

Standard Chartered Stock Performance

Shares of STAN opened at GBX 2,039 on Thursday. The stock has a 50-day moving average of GBX 2,218.24 and a two-hundred day moving average of GBX 2,050.05. The stock has a market cap of £44.37 billion, a P/E ratio of 9.65, a P/E/G ratio of 0.80 and a beta of 0.59. Standard Chartered has a one year low of GBX 1,383.50 and a one year high of GBX 2,364.

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. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.