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

Standard Chartered PLC (LON:STAN) has earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 1,002 ($12.72).

Several analysts recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,100 ($13.96) target price on shares of Standard Chartered in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of Standard Chartered from GBX 1,000 ($12.69) to GBX 1,020 ($12.95) and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Monday, September 2nd.

Standard Chartered Stock Performance

Shares of STAN stock opened at GBX 979.40 ($12.43) on Tuesday. Standard Chartered has a fifty-two week low of GBX 571 ($7.25) and a fifty-two week high of GBX 987.40 ($12.53). The firm has a market capitalization of £24.00 billion, a price-to-earnings ratio of 1,125.75, a PEG ratio of 0.80 and a beta of 0.85. The stock’s 50-day simple moving average is GBX 864.84 and its 200-day simple moving average is GBX 786.34.

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.