Standard Chartered PLC (LON:STAN) Receives Average Recommendation of “Hold” from Brokerages

Shares of Standard Chartered PLC (LON:STAN) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,938.33.

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Standard Chartered from GBX 1,700 to GBX 1,900 and gave the stock a “hold” rating in a research report on Friday, January 23rd. UBS Group restated a “buy” rating and set a GBX 2,130 target price on shares of Standard Chartered in a research report on Monday, May 18th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,250 target price on shares of Standard Chartered in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Standard Chartered from GBX 2,200 to GBX 2,220 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Shore Capital Group upgraded shares of Standard Chartered to a “sell” rating in a research report on Friday, May 1st.

Insider Buying and Selling at Standard Chartered

In other Standard Chartered news, insider Peter Burrill sold 10,907 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of GBX 1,554, for a total transaction of £169,494.78. Also, insider Bill Winters bought 86,027 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were bought at an average price of GBX 1,507 per share, for a total transaction of £1,296,426.89. 0.38% of the stock is currently owned by insiders.

Standard Chartered Price Performance

LON:STAN opened at GBX 1,946 on Monday. The firm’s fifty day moving average price is GBX 1,728.11 and its 200 day moving average price is GBX 1,740.02. Standard Chartered has a 1-year low of GBX 1,113 and a 1-year high of GBX 1,954.50. The firm has a market cap of £42.82 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60.

About Standard Chartered

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. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.