Standard Chartered (OTCMKTS:SCBFY) Price Target Raised to GBX 690 at JPMorgan Chase & Co.

Standard Chartered (OTCMKTS:SCBFYGet Rating) had its price objective upped by JPMorgan Chase & Co. from GBX 610 ($7.62) to GBX 690 ($8.62) in a research report sent to investors on Wednesday morning, The Fly reports.

A number of other research firms have also recently commented on SCBFY. Deutsche Bank Aktiengesellschaft boosted their price objective on Standard Chartered from GBX 620 ($7.75) to GBX 800 ($9.99) in a research report on Tuesday. Barclays boosted their price target on shares of Standard Chartered from GBX 550 ($6.87) to GBX 590 ($7.37) in a report on Wednesday, January 26th. Finally, UBS Group increased their price objective on shares of Standard Chartered from GBX 530 ($6.62) to GBX 580 ($7.25) in a report on Tuesday, January 25th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Standard Chartered presently has an average rating of Hold and a consensus target price of $665.00.

Shares of Standard Chartered stock opened at $14.79 on Wednesday. Standard Chartered has a twelve month low of $10.88 and a twelve month high of $16.03. The business has a 50-day moving average price of $13.41 and a 200 day moving average price of $13.26.

About Standard Chartered (Get Rating)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.

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