Standard Chartered PLC (LON:STAN) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Standard Chartered PLC (LON:STAN) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 2,492.

Several equities research analysts recently commented on STAN shares. JPMorgan Chase & Co. upped their price target on shares of Standard Chartered from GBX 2,330 to GBX 2,470 and gave the company an “overweight” rating in a research report on Tuesday, September 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,040 price objective on shares of Standard Chartered in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,450 price objective on shares of Standard Chartered in a research report on Thursday, October 29th. Finally, Citigroup boosted their target price on shares of Standard Chartered from GBX 2,230 to GBX 2,370 and gave the company a “neutral” rating in a research note on Wednesday, September 23rd.

Standard Chartered Price Performance

Standard Chartered stock opened at GBX 2,118 on Monday. The firm’s 50 day simple moving average is GBX 2,178.86 and its 200-day simple moving average is GBX 1,972.68. The company has a market cap of £45.85 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 0.80 and a beta of 0.56. Standard Chartered has a fifty-two week low of GBX 1,471.50 and a fifty-two week high of GBX 2,364.

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.