Standard Chartered (LON:STAN) PT Raised to GBX 800

Standard Chartered (LON:STAN) had its price target raised by equities researchers at Barclays from GBX 750 ($9.42) to GBX 800 ($10.05) in a research report issued to clients and investors on Friday, Digital Look reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target points to a potential upside of 5.62% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,300 ($16.33) target price on shares of Standard Chartered in a research report on Thursday, April 18th. Keefe, Bruyette & Woods raised shares of Standard Chartered to a “market perform” rating and set a GBX 790 ($9.92) target price for the company in a research report on Monday, February 12th. Berenberg Bank increased their target price on shares of Standard Chartered from GBX 1,000 ($12.56) to GBX 1,050 ($13.19) and gave the stock a “buy” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Standard Chartered in a research report on Thursday. Finally, Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 951.33 ($11.95).

Standard Chartered Stock Performance

STAN opened at GBX 757.40 ($9.51) on Friday. The firm has a 50 day moving average price of GBX 672.33 and a 200 day moving average price of GBX 648.20. The company has a market cap of £19.84 billion, a PE ratio of 900.95, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. Standard Chartered has a 1 year low of GBX 571 ($7.17) and a 1 year high of GBX 766.60 ($9.63).

Insider Activity

In other news, insider Bill Winters sold 24,101 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of GBX 665 ($8.35), for a total transaction of £160,271.65 ($201,321.00). Company insiders own 0.31% of the company’s stock.

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.