JPMorgan Chase & Co. Issues Positive Forecast for Standard Chartered (LON:STAN) Stock Price

Standard Chartered (LON:STAN) had its price objective upped by JPMorgan Chase & Co. from GBX 1,880 to GBX 2,170 in a research note issued to investors on Thursday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

A number of other research analysts have also recently commented on the stock. Citigroup boosted their target price on shares of Standard Chartered from GBX 1,675 to GBX 1,775 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Shore Capital reiterated a “hold” rating on shares of Standard Chartered in a report on Thursday, October 30th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Standard Chartered presently has a consensus rating of “Hold” and a consensus price target of GBX 1,800.

Standard Chartered Stock Performance

Standard Chartered stock opened at GBX 1,847 on Thursday. The firm has a market capitalization of £41.76 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. Standard Chartered has a one year low of GBX 872.80 and a one year high of GBX 1,924. The stock’s 50 day moving average price is GBX 1,795.18 and its 200 day moving average price is GBX 1,569.11.

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.