Standard Chartered (LON:STAN) Stock Price Expected to Rise, Citigroup Analyst Says

Standard Chartered (LON:STAN) had its target price hoisted by Citigroup from GBX 1,170 ($15.12) to GBX 1,250 ($16.16) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s target price would suggest a potential upside of 2.00% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 970 ($12.54) price target on shares of Standard Chartered in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,073.33 ($13.87).

Standard Chartered Price Performance

Shares of LON:STAN opened at GBX 1,225.53 ($15.84) on Thursday. The business’s 50 day moving average price is GBX 1,101.24 and its 200-day moving average price is GBX 940.59. The firm has a market capitalization of £37.00 billion, a PE ratio of 11.04, a P/E/G ratio of 0.80 and a beta of 0.85. Standard Chartered has a 1 year low of GBX 635.20 ($8.21) and a 1 year high of GBX 1,281 ($16.56).

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.