Standard Chartered PLC (LON:STAN) Receives Consensus Rating of “Hold” from Analysts

Standard Chartered PLC (LON:STAN) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 1,938.33.

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

Standard Chartered Trading Up 0.4%

LON:STAN opened at GBX 2,109 on Tuesday. The stock has a market capitalization of £45.86 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60. The firm’s 50 day moving average is GBX 1,979.23 and its 200 day moving average is GBX 1,830.28. Standard Chartered has a 12 month low of GBX 1,285 and a 12 month high of GBX 2,160.

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.