JPMorgan Chase & Co. Raises Standard Chartered (LON:STAN) Price Target to GBX 2,170

Standard Chartered (LON:STAN) had its target price raised by equities research analysts at JPMorgan Chase & Co. from GBX 1,880 to GBX 2,170 in a report released on Thursday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 17.49% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Standard Chartered from GBX 1,700 to GBX 1,900 and gave the company a “hold” rating in a report on Friday, January 23rd. Citigroup upped their target price on shares of Standard Chartered from GBX 1,675 to GBX 1,775 and gave the company a “neutral” rating in a research note on Friday, January 9th. Finally, Shore Capital Group reiterated a “hold” rating on shares of Standard Chartered in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 1,800.

Standard Chartered Trading Down 0.5%

Shares of Standard Chartered stock opened at GBX 1,847 on Thursday. Standard Chartered has a twelve month low of GBX 872.80 and a twelve month high of GBX 1,924. The stock has a market cap of £41.60 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The company has a fifty day moving average price of GBX 1,798.65 and a 200 day moving average price of GBX 1,572.69.

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. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.