Shares of Standard Chartered PLC (LON:STAN) have earned an average rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 578.43 ($7.64).
A number of research firms have weighed in on STAN. Deutsche Bank Aktiengesellschaft increased their price target on shares of Standard Chartered from GBX 560 ($7.40) to GBX 610 ($8.06) and gave the stock a “buy” rating in a research note on Tuesday, December 7th. JPMorgan Chase & Co. cut their price target on shares of Standard Chartered from GBX 620 ($8.19) to GBX 570 ($7.53) and set an “overweight” rating on the stock in a research note on Monday, December 6th. Berenberg Bank cut their price target on shares of Standard Chartered from GBX 630 ($8.33) to GBX 600 ($7.93) and set a “buy” rating on the stock in a research note on Thursday, November 4th. Barclays reaffirmed an “equal weight” rating and set a GBX 550 ($7.27) price target on shares of Standard Chartered in a research note on Wednesday, November 3rd. Finally, Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a research note on Monday, November 15th.
Shares of STAN opened at GBX 434.60 ($5.74) on Friday. The company has a market capitalization of £13.38 billion and a price-to-earnings ratio of 10.33. Standard Chartered has a 1 year low of GBX 406.20 ($5.37) and a 1 year high of GBX 533.20 ($7.05). The company’s 50 day simple moving average is GBX 449.98 and its 200 day simple moving average is GBX 456.61.
In other news, insider Naguib Kheraj purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, September 22nd. The stock was acquired at an average cost of GBX 419 ($5.54) per share, with a total value of £209,500 ($276,860.05).
Standard Chartered Company Profile
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.