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

Standard Chartered PLC (LON:STAN) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,938.33.

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Standard Chartered from GBX 2,200 to GBX 2,220 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. UBS Group reaffirmed a “buy” rating and set a GBX 2,130 price objective on shares of Standard Chartered in a research report on Monday, May 18th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,250 target price on shares of Standard Chartered in a research report on Thursday, April 30th. Finally, Shore Capital Group upgraded shares of Standard Chartered to a “sell” rating in a report on Friday, May 1st.

Insider Activity

In other news, insider Peter Burrill sold 10,907 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of GBX 1,554, for a total transaction of £169,494.78. Also, insider Bill Winters acquired 86,027 shares of the stock in a transaction dated Thursday, March 19th. The shares were bought at an average cost of GBX 1,507 per share, for a total transaction of £1,296,426.89. 0.39% of the stock is owned by company insiders.

Standard Chartered Price Performance

Shares of STAN stock opened at GBX 1,896 on Friday. Standard Chartered has a fifty-two week low of GBX 1,128 and a fifty-two week high of GBX 2,073. The stock’s 50-day moving average is GBX 1,833.37 and its two-hundred day moving average is GBX 1,774.92. The firm has a market cap of £41.44 billion, a P/E ratio of 9.18, a PEG ratio of 0.80 and a beta of 0.61.

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. 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.