Standard Chartered (LON:STAN) Stock Price Expected to Rise, Citigroup Analyst Says

Standard Chartered (LON:STAN - Get Free Report) had its price target hoisted by analysts at Citigroup from GBX 1,170 ($15.06) to GBX 1,250 ($16.09) in a report issued on Thursday, Marketbeat reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. Citigroup's target price would indicate a potential upside of 6.79% from the stock's previous close.

Separately, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 970 ($12.49) price target on shares of Standard Chartered in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Standard Chartered currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,073.33 ($13.82).

Standard Chartered Stock Performance

Standard Chartered stock traded down GBX 55.03 ($0.71) on Thursday, reaching GBX 1,170.50 ($15.07). The company's stock had a trading volume of 8,228,723 shares, compared to its average volume of 18,082,514. Standard Chartered has a twelve month low of GBX 635.20 ($8.18) and a twelve month high of GBX 1,281 ($16.49). The company has a market cap of £35.34 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.80 and a beta of 0.85. The business's fifty day moving average price is GBX 1,104.96 and its 200 day moving average price is GBX 947.39.

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.