Brokerages Set Standard Chartered PLC (LON:STAN) PT at GBX 951.33

Shares of Standard Chartered PLC (LON:STAN) have received a consensus 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 recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 951.33 ($12.03).

A number of research firms have recently commented on STAN. Barclays lifted their price target on Standard Chartered from GBX 750 ($9.49) to GBX 800 ($10.12) and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,300 ($16.44) target price on shares of Standard Chartered in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Standard Chartered in a report on Thursday, May 2nd.

Standard Chartered Trading Up 2.3 %

STAN opened at GBX 732.20 ($9.26) on Friday. The company has a 50 day moving average of GBX 741.70 and a 200 day moving average of GBX 675.54. Standard Chartered has a 12 month low of GBX 571 ($7.22) and a 12 month high of GBX 796 ($10.07). The company has a market cap of £18.67 billion, a PE ratio of 832.05, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83.

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.