Standard Chartered PLC (LON:STAN) Receives Consensus Rating of “Moderate Buy” from Analysts

Standard Chartered PLC (LON:STAN) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 1,038 ($13.10).

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 970 ($12.24) target price on shares of Standard Chartered in a report on Monday.

Standard Chartered Trading Up 2.1 %

Shares of LON:STAN traded up GBX 24.50 ($0.31) on Tuesday, hitting GBX 1,201 ($15.16). 9,683,566 shares of the company were exchanged, compared to its average volume of 20,016,365. The stock’s 50 day moving average price is GBX 1,054.61 and its 200 day moving average price is GBX 910.83. The firm has a market capitalization of £36.26 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. Standard Chartered has a 1-year low of GBX 633 ($7.99) and a 1-year high of GBX 1,211 ($15.28).

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.