Standard Chartered’s (STAN) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Standard Chartered (LON:STAN) in a research report released on Thursday,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a GBX 2,450 price target on the financial services provider’s stock.

Several other research analysts also recently weighed in on STAN. JPMorgan Chase & Co. increased their price target on shares of Standard Chartered from GBX 2,330 to GBX 2,470 and gave the stock an “overweight” rating in a research report on Tuesday, September 8th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,040 price objective on shares of Standard Chartered in a research report on Thursday, October 15th. Finally, Citigroup upped their price objective on Standard Chartered from GBX 2,230 to GBX 2,370 and gave the stock a “neutral” rating in a research note on Wednesday, September 23rd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,492.

Standard Chartered Trading Down 2.5%

Shares of LON STAN opened at GBX 2,055 on Thursday. The firm has a 50 day moving average of GBX 2,186.90 and a 200 day moving average of GBX 1,966.73. The firm has a market capitalization of £44.72 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.80 and a beta of 0.56. Standard Chartered has a 12-month low of GBX 1,471.50 and a 12-month high of GBX 2,364.

Insider Transactions at Standard Chartered

In other news, Chief Group Executive Bill Winters bought 300,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of GBX 2,221 per share, for a total transaction of £6,663,000. Corporate insiders own 0.38% of the company’s stock.

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. 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.