Standard Chartered PLC (LON:STAN) Receives Average Rating of “Hold” from Brokerages

Shares of Standard Chartered PLC (LON:STAN) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,938.33.

A number of research firms have commented on STAN. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,250 target price on shares of Standard Chartered in a report on Thursday, April 30th. Shore Capital Group raised Standard Chartered to a “sell” rating in a report on Friday, May 1st. UBS Group reissued a “buy” rating and issued a GBX 2,130 target price on shares of Standard Chartered in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. lifted their target price on Standard Chartered from GBX 2,200 to GBX 2,220 and gave the stock an “overweight” rating in a report on Wednesday, May 6th.

Standard Chartered Stock Performance

LON:STAN opened at GBX 2,056 on Friday. The firm has a market cap of £44.94 billion, a P/E ratio of 9.96, a P/E/G ratio of 0.80 and a beta of 0.61. Standard Chartered has a fifty-two week low of GBX 1,161.50 and a fifty-two week high of GBX 2,073. The firm has a 50-day simple moving average of GBX 1,875.11 and a two-hundred day simple moving average of GBX 1,787.63.

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.