Standard Chartered’s (STAN) Buy Rating Reaffirmed at Jefferies Financial Group

Standard Chartered (LON:STAN)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 1,300 ($16.18) price target on the financial services provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 97.81% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods raised shares of Standard Chartered to a “market perform” rating and set a GBX 790 ($9.83) price objective on the stock in a research report on Monday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of Standard Chartered from GBX 850 ($10.58) to GBX 900 ($11.20) and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Shore Capital reissued a “buy” rating on shares of Standard Chartered in a research report on Friday, February 23rd. Finally, Berenberg Bank upped their target price on shares of Standard Chartered from GBX 1,000 ($12.45) to GBX 1,050 ($13.07) and gave the stock a “buy” rating in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Standard Chartered presently has a consensus rating of “Moderate Buy” and an average price target of GBX 955.43 ($11.89).

Standard Chartered Price Performance

STAN stock opened at GBX 657.20 ($8.18) on Thursday. The stock has a market capitalization of £17.22 billion, a PE ratio of 781.19, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The company’s 50-day moving average is GBX 650.82 and its 200-day moving average is GBX 652.53. Standard Chartered has a 1 year low of GBX 571 ($7.11) and a 1 year high of GBX 766.60 ($9.54).

Insider Buying and Selling at Standard Chartered

In other Standard Chartered news, insider Bill Winters sold 40,432 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of GBX 655 ($8.15), for a total value of £264,829.60 ($329,677.08). Company insiders own 0.31% 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.