Standard Chartered PLC (LON:STAN) Receives Average Rating of “Moderate Buy” from Analysts

Standard Chartered PLC (LON:STAN) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 1,002 ($12.58).

A number of research analysts recently commented on the company. Berenberg Bank restated a “buy” rating and issued a GBX 1,100 ($13.82) target price on shares of Standard Chartered in a research note on Wednesday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of Standard Chartered from GBX 1,000 ($12.56) to GBX 1,020 ($12.81) and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research report on Monday, September 2nd.

Standard Chartered Trading Up 2.1 %

Shares of STAN stock opened at GBX 965.80 ($12.13) on Tuesday. The firm has a market capitalization of £23.66 billion, a P/E ratio of 1,110.11, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. Standard Chartered has a 1 year low of GBX 571 ($7.17) and a 1 year high of GBX 969.40 ($12.18). The firm’s fifty day simple moving average is GBX 851.89 and its 200 day simple moving average is GBX 781.37.

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.