Standard Chartered PLC (LON:STAN) Receives GBX 578.43 Average PT from Analysts

Standard Chartered PLC (LON:STAN) has been given an average rating of “Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 578.43 ($7.56).

Several equities analysts have recently commented on the company. Citigroup reaffirmed a “neutral” rating and issued a GBX 490 ($6.40) target price on shares of Standard Chartered in a research report on Friday, August 6th. JPMorgan Chase & Co. decreased their target price on Standard Chartered from GBX 640 ($8.36) to GBX 620 ($8.10) and set an “overweight” rating on the stock in a research report on Wednesday, November 3rd. Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a research report on Monday, November 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 560 ($7.32) target price on shares of Standard Chartered in a research report on Wednesday, November 3rd. Finally, Berenberg Bank decreased their target price on Standard Chartered from GBX 630 ($8.23) to GBX 600 ($7.84) and set a “buy” rating on the stock in a research report on Thursday, November 4th.

In other Standard Chartered news, insider Naguib Kheraj bought 50,000 shares of the business’s stock in a transaction on Wednesday, September 22nd. The stock was purchased at an average cost of GBX 419 ($5.47) per share, for a total transaction of £209,500 ($273,713.09). Also, insider José Viñals bought 11,500 shares of the business’s stock in a transaction on Tuesday, August 31st. The shares were acquired at an average price of GBX 452 ($5.91) per share, with a total value of £51,980 ($67,912.20).

Shares of LON STAN opened at GBX 452 ($5.91) on Monday. The business’s 50 day moving average price is GBX 454.28 and its two-hundred day moving average price is GBX 466.11. The company has a market cap of £13.91 billion and a PE ratio of 11.00. Standard Chartered has a twelve month low of GBX 406.88 ($5.32) and a twelve month high of GBX 533.20 ($6.97).

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.

Featured Article: What are the benefits of a balanced fund?

Analyst Recommendations for Standard Chartered (LON:STAN)

Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.