JPMorgan Chase & Co. Raises Standard Chartered (LON:STAN) Price Target to GBX 600

Standard Chartered (LON:STAN) had its target price hoisted by JPMorgan Chase & Co. from GBX 570 ($7.74) to GBX 600 ($8.14) in a report released on Wednesday morning, Analyst Price Targets reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other analysts have also recently commented on the stock. Berenberg Bank dropped their target price on shares of Standard Chartered from GBX 630 ($8.55) to GBX 600 ($8.14) and set a buy rating for the company in a research report on Thursday, November 4th. Shore Capital reiterated a buy rating on shares of Standard Chartered in a research report on Monday, November 15th. Barclays reiterated an equal weight rating and set a GBX 550 ($7.47) target price on shares of Standard Chartered in a research report on Wednesday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Standard Chartered from GBX 560 ($7.60) to GBX 610 ($8.28) and gave the company a buy rating in a research report on Tuesday, December 7th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of GBX 582.71 ($7.91).

LON:STAN opened at GBX 523.20 ($7.10) on Wednesday. The stock’s fifty day moving average price is GBX 448.04 and its two-hundred day moving average price is GBX 450.67. Standard Chartered has a 52-week low of GBX 406.20 ($5.51) and a 52-week high of GBX 533.20 ($7.24). The company has a market cap of £16.11 billion and a price-to-earnings ratio of 12.77.

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.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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