Standard Chartered (LON:STAN) Stock Rating Upgraded by JPMorgan Chase & Co.

Standard Chartered (LON:STAN) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a GBX 2,270 price objective on the financial services provider’s stock, up from their prior price objective of GBX 2,220. JPMorgan Chase & Co.‘s target price points to a potential upside of 7.99% from the stock’s previous close.

STAN has been the topic of several other research reports. UBS Group reiterated a “buy” rating and set a GBX 2,130 price objective on shares of Standard Chartered in a report on Monday, May 18th. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,250 target price on shares of Standard Chartered in a research note on Thursday, April 30th. Finally, Shore Capital Group raised Standard Chartered to a “sell” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 1,946.67.

Standard Chartered Stock Up 1.1%

Shares of LON STAN opened at GBX 2,102 on Tuesday. The firm has a market cap of £45.71 billion, a PE ratio of 10.18, a P/E/G ratio of 0.80 and a beta of 0.60. Standard Chartered has a 12-month low of GBX 1,285 and a 12-month high of GBX 2,160. The company’s fifty day simple moving average is GBX 2,003.39 and its 200 day simple moving average is GBX 1,841.03.

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. 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.