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

Shares of Standard Chartered PLC (LON:STAN) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 974 ($11.96).

A number of equities analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Standard Chartered from GBX 980 ($12.03) to GBX 990 ($12.16) and gave the stock an “overweight” rating in a research note on Thursday, September 7th. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research report on Monday, October 16th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,100 ($13.51) price objective on shares of Standard Chartered in a research report on Monday, November 6th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a research note on Friday, July 28th.

Standard Chartered Trading Down 1.2 %

LON:STAN opened at GBX 630.20 ($7.74) on Friday. The stock has a market capitalization of £16.83 billion, a P/E ratio of 1,189.06, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85. Standard Chartered has a 1 year low of GBX 570 ($7.00) and a 1 year high of GBX 799.40 ($9.82). The firm has a 50 day moving average of GBX 704.12 and a 200-day moving average of GBX 690.10.

About Standard Chartered

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.