Standard Chartered (LON:STAN) Price Target Raised to GBX 1,670 at JPMorgan Chase & Co.

Standard Chartered (LON:STAN) had its price objective hoisted by JPMorgan Chase & Co. from GBX 1,490 to GBX 1,670 in a report released on Tuesday morning, Marketbeat reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Separately, Shore Capital lifted their price objective on shares of Standard Chartered from GBX 1,270 to GBX 1,355 and gave the company a “hold” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,311.25.

Standard Chartered Price Performance

Shares of Standard Chartered stock opened at GBX 1,401.50 on Tuesday. The firm’s fifty day simple moving average is GBX 1,345.46 and its 200-day simple moving average is GBX 1,203.33. Standard Chartered has a 12 month low of GBX 747.80 and a 12 month high of GBX 1,433. The stock has a market capitalization of £32.27 billion, a price-to-earnings ratio of 770.48, a PEG ratio of 0.80 and a beta of 0.85.

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.