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

Shares of Standard Chartered PLC (LON:STANGet Rating) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 815 ($9.42).

A number of equities analysts have weighed in on the company. Barclays restated an “equal weight” rating and issued a GBX 800 ($9.25) target price on shares of Standard Chartered in a research note on Thursday, October 20th. JPMorgan Chase & Co. increased their price objective on Standard Chartered from GBX 760 ($8.79) to GBX 770 ($8.90) and gave the company an “overweight” rating in a research report on Tuesday, September 6th. Berenberg Bank reiterated a “buy” rating and set a GBX 750 ($8.67) price objective on shares of Standard Chartered in a research report on Thursday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 900 ($10.41) price objective on shares of Standard Chartered in a research report on Thursday, October 27th. Finally, UBS Group set a GBX 855 ($9.89) price objective on Standard Chartered in a research report on Wednesday, October 26th.

Standard Chartered Stock Performance

Shares of STAN opened at GBX 554.60 ($6.41) on Monday. The stock has a market capitalization of £16.05 billion and a price-to-earnings ratio of 815.59. The stock’s 50-day simple moving average is GBX 573.13 and its 200 day simple moving average is GBX 582.36. Standard Chartered has a 52-week low of GBX 406.20 ($4.70) and a 52-week high of GBX 641 ($7.41).

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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Analyst Recommendations for Standard Chartered (LON:STAN)

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