Standard Chartered’s (STAN) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Standard Chartered (LON:STAN) in a research note issued to investors on Thursday,Digital Look reports. The brokerage currently has a GBX 2,450 price objective on the financial services provider’s stock.

A number of other brokerages also recently commented on STAN. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,250 price target on shares of Standard Chartered in a report on Wednesday. JPMorgan Chase & Co. raised Standard Chartered to an “overweight” rating and boosted their price objective for the stock from GBX 2,220 to GBX 2,270 in a research note on Tuesday, July 21st. Shore Capital Group upgraded Standard Chartered to a “sell” rating in a research report on Friday, May 1st. Citigroup raised their price objective on Standard Chartered from GBX 2,130 to GBX 2,230 and gave the company a “neutral” rating in a research note on Thursday. Finally, UBS Group reiterated a “buy” rating and issued a GBX 2,130 target price on shares of Standard Chartered in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Standard Chartered has a consensus rating of “Moderate Buy” and an average target price of GBX 2,266.

Standard Chartered Price Performance

Shares of LON STAN opened at GBX 2,193.86 on Thursday. The firm’s 50 day simple moving average is GBX 2,048.25 and its two-hundred day simple moving average is GBX 1,861.36. Standard Chartered has a one year low of GBX 1,285 and a one year high of GBX 2,254. The stock has a market capitalization of £47.71 billion, a P/E ratio of 10.62, a PEG ratio of 0.80 and a beta of 0.60.

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.