Brokerages Set Standard Chartered PLC (LON:STAN) Price Target at GBX 1,038

Shares of Standard Chartered PLC (LON:STAN) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 1,038 ($13.08).

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 970 ($12.23) price target on shares of Standard Chartered in a research report on Monday.

Standard Chartered Price Performance

Shares of LON:STAN opened at GBX 1,247.68 ($15.73) on Tuesday. Standard Chartered has a 1 year low of GBX 635.20 ($8.01) and a 1 year high of GBX 1,264.50 ($15.94). The company has a market cap of £37.67 billion, a PE ratio of 11.23, a P/E/G ratio of 0.80 and a beta of 0.85. The stock’s 50-day moving average is GBX 1,069.04 and its 200 day moving average is GBX 918.83.

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.