Standard Chartered PLC (LON:STAN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Standard Chartered PLC (LON:STAN) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 979.67 ($12.75).

Several brokerages have recently weighed in on STAN. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Monday, September 2nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,100 ($14.32) target price on shares of Standard Chartered in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. boosted their price target on Standard Chartered from GBX 1,000 ($13.02) to GBX 1,020 ($13.28) and gave the stock an “overweight” rating in a research note on Thursday, August 1st.

Standard Chartered Price Performance

Shares of Standard Chartered stock opened at GBX 932.20 ($12.13) on Friday. The stock has a market capitalization of £22.84 billion, a price-to-earnings ratio of 1,071.49, a PEG ratio of 0.80 and a beta of 0.85. The firm’s fifty day simple moving average is GBX 808.80 and its 200-day simple moving average is GBX 758.26. Standard Chartered has a 12 month low of GBX 571 ($7.43) and a 12 month high of GBX 933.80 ($12.16).

About Standard Chartered

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.