Standard Chartered (LON:STAN) Stock Rating Upgraded by JPMorgan Chase & Co.

Standard Chartered (LON:STAN) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a report issued on Tuesday,Digital Look reports. The brokerage currently has a GBX 2,270 price target on the financial services provider’s stock, up from their previous price target of GBX 2,220. JPMorgan Chase & Co.‘s target price points to a potential upside of 5.34% from the company’s current price.

A number of other research firms have also recently issued reports on STAN. Shore Capital Group upgraded Standard Chartered to a “sell” rating in a report on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,250 price objective on shares of Standard Chartered in a report on Thursday, April 30th. Finally, 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. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 1,946.67.

Standard Chartered Stock Up 2.3%

STAN opened at GBX 2,155 on Tuesday. The stock has a market cap of £46.86 billion, a PE ratio of 10.44, a P/E/G ratio of 0.80 and a beta of 0.60. Standard Chartered has a 52 week low of GBX 1,285 and a 52 week high of GBX 2,166. The business’s fifty day simple moving average is GBX 2,014.24 and its 200 day simple moving average is GBX 1,845.38.

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.