JPMorgan Chase & Co. Reaffirms Overweight Rating for Standard Chartered (LON:STAN)

Standard Chartered (LON:STAN)‘s stock had its “overweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a report released on Thursday, MarketBeat.com reports.

Separately, Shore Capital restated a “hold” rating on shares of Standard Chartered in a report on Thursday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Standard Chartered currently has an average rating of “Hold” and an average target price of GBX 1,316.25.

Standard Chartered Trading Down 0.5%

LON:STAN opened at GBX 1,562.50 on Thursday. The firm has a market capitalization of £35.81 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.80 and a beta of 0.85. The firm’s fifty day simple moving average is GBX 1,430.59 and its 200 day simple moving average is GBX 1,287.93. Standard Chartered has a twelve month low of GBX 872.80 and a twelve month high of GBX 1,581.

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.