Standard Chartered (LON:STAN) Price Target Raised to GBX 2,220

Standard Chartered (LON:STAN) had its price target hoisted by JPMorgan Chase & Co. from GBX 2,200 to GBX 2,220 in a research report report published on Wednesday,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

STAN has been the topic of several other reports. Deutsche Bank Aktiengesellschaft raised their target price on Standard Chartered from GBX 1,700 to GBX 1,900 and gave the company a “hold” rating in a report on Friday, January 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,250 price target on shares of Standard Chartered in a report on Thursday, April 30th. Citigroup lifted their price objective on shares of Standard Chartered from GBX 1,675 to GBX 1,775 and gave the company a “neutral” rating in a research report on Friday, January 9th. Finally, Shore Capital Group upgraded shares of Standard Chartered to a “sell” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 1,900.

Standard Chartered Stock Performance

Standard Chartered stock opened at GBX 1,888.20 on Wednesday. Standard Chartered has a fifty-two week low of GBX 1,066.50 and a fifty-two week high of GBX 1,938.20. The company has a market capitalization of £41.55 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 0.80 and a beta of 0.60. The stock has a fifty day moving average of GBX 1,689.06 and a two-hundred day moving average of GBX 1,708.45.

Insider Activity

In other news, insider Peter Burrill sold 10,907 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of GBX 1,554, for a total transaction of £169,494.78. Also, insider Bill Winters bought 86,027 shares of the stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of GBX 1,507 per share, for a total transaction of £1,296,426.89. 0.38% of the stock is currently owned by corporate insiders.

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.