Standard Chartered PLC (LON:STAN) Receives GBX 979.67 Average Price Target from Analysts

Shares of Standard Chartered PLC (LON:STAN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 979.67 ($12.70).

STAN has been the subject of several recent analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Standard Chartered in a report on Monday, September 2nd. JPMorgan Chase & Co. lifted their target price on Standard Chartered from GBX 1,000 ($12.97) to GBX 1,020 ($13.23) and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Finally, Berenberg Bank restated a "buy" rating and set a GBX 1,100 ($14.27) price target on shares of Standard Chartered in a research report on Wednesday, August 21st.

Standard Chartered Stock Up 1.5 %

STAN stock traded up GBX 13.40 ($0.17) during trading on Friday, reaching GBX 913.80 ($11.85). The stock had a trading volume of 11,949,095 shares, compared to its average volume of 11,914,334. The company has a market capitalization of £22.39 billion, a price-to-earnings ratio of 1,050.34, a P/E/G ratio of 0.80 and a beta of 0.85. Standard Chartered has a one year low of GBX 571 ($7.41) and a one year high of GBX 918.40 ($11.91). The company's 50 day moving average is GBX 802 and its two-hundred day moving average is GBX 753.56.

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.