Analysts Set Standard Chartered PLC (LON:STAN) Target Price at GBX 951.33

Shares of Standard Chartered PLC (LON:STAN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 951.33 ($12.07).

Several analysts recently commented on the company. Barclays boosted their price target on Standard Chartered from GBX 750 ($9.51) to GBX 800 ($10.15) and gave the stock an "equal weight" rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Standard Chartered in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 1,300 ($16.49) price target on shares of Standard Chartered in a research report on Thursday, April 18th.

Standard Chartered Stock Down 0.8 %

Shares of Standard Chartered stock traded down GBX 5.80 ($0.07) on Friday, reaching GBX 716 ($9.08). The company's stock had a trading volume of 3,800,168 shares, compared to its average volume of 8,557,937. The company has a market capitalization of £18.26 billion, a P/E ratio of 813.64, a PEG ratio of 1.06 and a beta of 0.83. Standard Chartered has a 52-week low of GBX 571 ($7.24) and a 52-week high of GBX 796 ($10.10). The stock has a 50-day moving average price of GBX 741.70 and a 200-day moving average price of GBX 675.27.

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.