Brokerages Set Standard Chartered PLC (LON:STAN) Price Target at GBX 2,306

Standard Chartered PLC (LON:STAN) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation 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 2,306.

A number of equities research analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,250 target price on shares of Standard Chartered in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued 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 shares of 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 upped their price objective on shares of Standard Chartered from GBX 2,130 to GBX 2,230 and gave the company a “neutral” rating in a report on Thursday, July 30th.

Standard Chartered Stock Performance

Standard Chartered stock opened at GBX 2,266 on Friday. The business’s 50-day simple moving average is GBX 2,202.70 and its two-hundred day simple moving average is GBX 1,968.11. The company has a market cap of £49.46 billion, a PE ratio of 10.72, a PEG ratio of 0.80 and a beta of 0.59. Standard Chartered has a fifty-two week low of GBX 1,351.50 and a fifty-two week high of GBX 2,345.

Insider Transactions at Standard Chartered

In other Standard Chartered news, Chief Group Executive Bill Winters bought 300,000 shares of the firm’s 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 owned by corporate insiders.

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.