Standard Chartered (LON:STAN) Given New GBX 900 Price Target at JPMorgan Chase & Co.

Standard Chartered (LON:STAN) had its target price raised by stock analysts at JPMorgan Chase & Co. from GBX 850 ($10.76) to GBX 900 ($11.39) in a note issued to investors on Thursday, Digital Look reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 33.85% from the company’s current price.

A number of other equities analysts also recently commented on STAN. Berenberg Bank boosted their price objective on shares of Standard Chartered from GBX 1,000 ($12.66) to GBX 1,050 ($13.29) and gave the stock a “buy” rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods raised shares of Standard Chartered to a “market perform” rating and set a GBX 790 ($10.00) price objective for the company in a research note on Monday, February 12th. Finally, Shore Capital reissued a “buy” rating on shares of Standard Chartered in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 926.86 ($11.73).

Standard Chartered Stock Down 1.0 %

Shares of LON:STAN opened at GBX 672.40 ($8.51) on Thursday. The company has a market capitalization of £17.62 billion, a price-to-earnings ratio of 800.48, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. Standard Chartered has a 52 week low of GBX 571 ($7.23) and a 52 week high of GBX 766.60 ($9.70). The firm has a 50 day moving average of GBX 644.90 and a 200 day moving average of GBX 655.98.

Insider Activity

In other Standard Chartered news, insider Bill Winters sold 24,101 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of GBX 665 ($8.42), for a total value of £160,271.65 ($202,849.83). Corporate insiders own 0.31% of the company’s stock.

About Standard Chartered

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.