Standard Chartered PLC (LON:STAN) Given Average Rating of “Moderate Buy” by Analysts

Standard Chartered PLC (LON:STAN) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 951.33 ($12.19).

A number of analysts recently weighed in on the company. Shore Capital restated a “buy” rating on shares of Standard Chartered in a research note on Friday, February 23rd. Barclays lifted their price target on Standard Chartered from GBX 750 ($9.61) to GBX 800 ($10.25) and gave the company an “equal weight” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Standard Chartered in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods upgraded Standard Chartered to a “market perform” rating and set a GBX 790 ($10.12) price target on the stock in a research note on Monday, February 12th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,300 ($16.66) price target on shares of Standard Chartered in a research note on Thursday, April 18th.

Insiders Place Their Bets

In other news, insider Bill Winters sold 40,432 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of GBX 655 ($8.39), for a total value of £264,829.60 ($339,307.62). 1.38% of the stock is owned by company insiders.

Standard Chartered Price Performance

Standard Chartered stock opened at GBX 746 ($9.56) on Tuesday. Standard Chartered has a 1-year low of GBX 571 ($7.32) and a 1-year high of GBX 796 ($10.20). The company has a market cap of £19.02 billion, a PE ratio of 847.73, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83. The stock’s 50 day moving average price is GBX 725.56 and its 200 day moving average price is GBX 667.64.

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.