Shore Capital Raises Standard Chartered (LON:STAN) Price Target to GBX 1,355

Standard Chartered (LON:STAN) had its target price hoisted by analysts at Shore Capital from GBX 1,270 ($16.86) to GBX 1,355 ($17.99) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the financial services provider’s stock. Shore Capital’s price target points to a potential upside of 0.83% from the stock’s current price.

Standard Chartered Trading Down 1.2%

Shares of STAN stock opened at GBX 1,343.81 ($17.84) on Thursday. The stock has a 50 day moving average of GBX 1,229.94 and a 200 day moving average of GBX 1,149.37. The stock has a market cap of £40.58 billion, a P/E ratio of 12.10, a P/E/G ratio of 0.80 and a beta of 0.85. Standard Chartered has a twelve month low of GBX 664.80 ($8.82) and a twelve month high of GBX 1,393 ($18.49).

Standard Chartered Company Profile

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.