Standard Chartered’s (STAN) “Neutral” Rating Reiterated at Citigroup

Citigroup reaffirmed their neutral rating on shares of Standard Chartered (LON:STANFree Report) in a research note released on Monday, MarketBeat reports.

A number of other equities research analysts also recently issued reports on STAN. Jefferies Financial Group reissued a buy rating and set a GBX 1,300 ($16.65) price target on shares of Standard Chartered in a research report on Thursday, April 18th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Standard Chartered in a research note on Thursday, May 2nd. Finally, Barclays increased their target price on shares of Standard Chartered from GBX 750 ($9.61) to GBX 800 ($10.25) and gave the stock an equal weight rating in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of GBX 951.33 ($12.19).

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Standard Chartered Stock Up 1.7 %

Shares of LON STAN opened at GBX 721.40 ($9.24) on Monday. The stock has a market capitalization of £18.40 billion, a PE ratio of 819.77, a P/E/G ratio of 1.06 and a beta of 0.83. The firm has a fifty day moving average of GBX 748.02 and a 200-day moving average of GBX 679.26. Standard Chartered has a 52-week low of GBX 571 ($7.31) and a 52-week high of GBX 796 ($10.20).

About Standard Chartered

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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.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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