Standard Chartered PLC (LON:STAN) Stock Has Consensus Target Price of GBX 2,306

Shares of Standard Chartered PLC (LON:STAN) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,334.

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Standard Chartered from GBX 2,330 to GBX 2,470 and gave the stock an “overweight” rating in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,450 price target on shares of Standard Chartered in a research note on Thursday, July 30th. Citigroup raised their price objective on Standard Chartered from GBX 2,230 to GBX 2,370 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 2,250 target price on shares of Standard Chartered in a report on Wednesday, July 29th.

Insider Activity

In other Standard Chartered news, Chief Group Executive Bill Winters purchased 300,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of GBX 2,221 per share, with a total value of £6,663,000. 0.38% of the stock is currently owned by insiders.

Standard Chartered Stock Performance

Standard Chartered stock opened at GBX 2,313 on Friday. Standard Chartered has a fifty-two week low of GBX 1,351.50 and a fifty-two week high of GBX 2,345. The stock’s 50 day simple moving average is GBX 2,212.59 and its two-hundred day simple moving average is GBX 1,979.09. The stock has a market cap of £50.48 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.80 and a beta of 0.59.

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.