Standard Chartered (LON:STAN) Price Target Raised to GBX 1,880 at JPMorgan Chase & Co.

Standard Chartered (LON:STAN) had its price objective hoisted by JPMorgan Chase & Co. from GBX 1,770 to GBX 1,880 in a research report released on Tuesday morning, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Separately, Shore Capital restated a “hold” rating on shares of Standard Chartered in a report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,363.75.

Standard Chartered Stock Up 1.1%

Shares of LON:STAN opened at GBX 1,700.19 on Tuesday. The company has a market cap of £38.80 billion, a P/E ratio of 8.97, a P/E/G ratio of 0.80 and a beta of 0.85. The business has a fifty day simple moving average of GBX 1,523.30 and a 200-day simple moving average of GBX 1,373.81. Standard Chartered has a 52 week low of GBX 872.80 and a 52 week high of GBX 1,709.50.

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.