Standard Chartered PLC (LON:STAN) Receives GBX 1,002 Average Target Price from Analysts

Standard Chartered PLC (LON:STAN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,002 ($12.58).

Several equities analysts recently commented on the company. Citigroup restated a "neutral" rating on shares of Standard Chartered in a research report on Monday, September 2nd. Berenberg Bank restated a "buy" rating and set a GBX 1,100 ($13.82) target price on shares of Standard Chartered in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Standard Chartered from GBX 1,000 ($12.56) to GBX 1,020 ($12.81) and gave the company an "overweight" rating in a research report on Thursday, August 1st.

Standard Chartered Stock Performance

Shares of LON:STAN traded down GBX 8.40 ($0.11) during trading on Tuesday, hitting GBX 957.40 ($12.02). 21,164,699 shares of the stock were exchanged, compared to its average volume of 11,218,917. Standard Chartered has a 1-year low of GBX 571 ($7.17) and a 1-year high of GBX 969.40 ($12.18). The company has a market capitalization of £23.46 billion, a price-to-earnings ratio of 1,110.11, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The company's fifty day simple moving average is GBX 851.89 and its 200-day simple moving average is GBX 781.37.

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.