Standard Chartered (LON:STAN) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Standard Chartered (LON:STAN) to an overweight rating in a research report report published on Tuesday,Digital Look reports. JPMorgan Chase & Co. currently has GBX 2,270 target price on the financial services provider’s stock, up from their previous target price of GBX 2,220.

Other analysts also recently issued research reports about the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,250 price target on shares of Standard Chartered in a report on Thursday, April 30th. Shore Capital Group raised shares of Standard Chartered to a “sell” rating in a report on Friday, May 1st. Finally, UBS Group reissued a “buy” rating and set a GBX 2,130 target price on shares of Standard Chartered in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Standard Chartered has a consensus rating of “Hold” and an average price target of GBX 1,946.67.

Standard Chartered Stock Down 1.2%

Shares of STAN stock opened at GBX 2,129 on Tuesday. The company has a market cap of £46.30 billion, a P/E ratio of 10.31, a PEG ratio of 0.80 and a beta of 0.60. The business has a 50 day moving average of GBX 2,018.58 and a two-hundred day moving average of GBX 1,847.39. Standard Chartered has a 52 week low of GBX 1,285 and a 52 week high of GBX 2,166.

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.