Standard Chartered (LON:STAN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Standard Chartered (LON:STAN) had its price objective raised by equities researchers at JPMorgan Chase & Co. from GBX 2,330 to GBX 2,470 in a research report issued to clients and investors on Tuesday, London Stock Exchange reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 9.78% from the stock’s previous close.

Several other equities analysts have also weighed in on STAN. UBS Group restated a “buy” rating and set a GBX 2,130 price objective on shares of Standard Chartered in a research report on Monday, May 18th. Citigroup increased their price target on Standard Chartered from GBX 2,130 to GBX 2,230 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,450 price target on shares of Standard Chartered in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,250 price objective on shares of Standard Chartered in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,306.

Standard Chartered Stock Performance

Standard Chartered stock opened at GBX 2,250 on Tuesday. Standard Chartered has a one year low of GBX 1,351.50 and a one year high of GBX 2,270. The firm has a market capitalization of £49.11 billion, a P/E ratio of 10.64, a P/E/G ratio of 0.80 and a beta of 0.59. The company has a 50-day simple moving average of GBX 2,161.68 and a 200-day simple moving average of GBX 1,929.01.

Insider Buying and Selling

In other Standard Chartered news, Chief Group Executive Bill Winters bought 300,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of GBX 2,221 per share, with a total value of £6,663,000. Insiders own 0.38% of the company’s stock.

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.