Standard Chartered PLC (LON:STAN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Standard Chartered PLC (LON:STAN) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 951.33 ($12.07).

STAN has been the subject of a number of research analyst reports. Barclays raised their target price on Standard Chartered from GBX 750 ($9.51) to GBX 800 ($10.15) and gave the company an “equal weight” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Standard Chartered in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,300 ($16.49) price target on shares of Standard Chartered in a research report on Thursday, April 18th.

Standard Chartered Stock Down 0.8 %

Shares of STAN opened at GBX 716 ($9.08) on Friday. Standard Chartered has a 52-week low of GBX 571 ($7.24) and a 52-week high of GBX 796 ($10.10). The company has a market capitalization of £18.26 billion, a PE ratio of 813.64, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83. The stock has a fifty day simple moving average of GBX 741.70 and a two-hundred day simple moving average of GBX 675.02.

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.