Standard Chartered (LON:STAN) Price Target Raised to GBX 2,330

Standard Chartered (LON:STAN) had its price objective raised by JPMorgan Chase & Co. from GBX 2,270 to GBX 2,330 in a research note released on Monday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. UBS Group reiterated a “buy” rating and issued a GBX 2,130 target price on shares of Standard Chartered in a research note on Monday, May 18th. Shore Capital Group raised shares of Standard Chartered to a “sell” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,450 price objective on shares of Standard Chartered in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,250 target price on shares of Standard Chartered in a research note on Wednesday, July 29th. Finally, Citigroup boosted their target price on shares of Standard Chartered from GBX 2,130 to GBX 2,230 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Standard Chartered has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,278.

Standard Chartered Price Performance

Shares of STAN opened at GBX 2,212 on Monday. The company has a market cap of £48.10 billion, a P/E ratio of 10.71, a PEG ratio of 0.80 and a beta of 0.60. The stock has a fifty day moving average price of GBX 2,063.37 and a 200 day moving average price of GBX 1,869.65. Standard Chartered has a 12 month low of GBX 1,285 and a 12 month high of GBX 2,262.

Insider Activity at Standard Chartered

In related news, Chief Group Executive Bill Winters purchased 300,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost of GBX 2,221 per share, for a total transaction of £6,663,000. Company insiders own 0.39% of the company’s stock.

Trending Headlines about Standard Chartered

Here are the key news stories impacting Standard Chartered this week:

• Positive Sentiment: Chief Executive Bill Winters purchased 300,000 shares for approximately £6.7 million, a sizable insider investment that may signal confidence in Standard Chartered’s valuation and outlook. Insider Buying: Standard Chartered Insider Purchases 300,000 Shares
• Positive Sentiment: Research sentiment remains broadly favorable. JPMorgan raised its target to GBX 2,330 with an overweight rating, while Deutsche Bank maintained a buy rating and a GBX 2,450 target. The consensus view is “Moderate Buy,” although the average target of GBX 2,278 suggests limited upside from recent levels. Standard Chartered Insider Buying and Analyst Targets
• Positive Sentiment: Standard Chartered and Prudential Zenith Insurance announced a financial-inclusion partnership in Nigeria. The initiative could support customer acquisition and strengthen the bank’s retail and digital-finance profile, though immediate financial benefits were not disclosed. Financial Inclusion Partnership
• Neutral Sentiment: DFCC Bank completed its acquisition of Standard Chartered Sri Lanka’s wealth and retail-banking business. Standard Chartered is concentrating its Sri Lankan operations on corporate and investment banking, a move that may simplify the franchise and focus capital on higher-value clients but reduces its local retail presence. DFCC Completes Acquisition
• Negative Sentiment: Shore Capital previously moved the stock to a sell rating, and Citigroup’s neutral rating indicates that valuation and near-term upside remain concerns despite the more bullish targets from other banks.

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.