Standard Chartered (LON:STAN) Price Target Raised to GBX 1,690

Standard Chartered (LON:STAN) had its price objective increased by JPMorgan Chase & Co. from GBX 1,670 to GBX 1,690 in a research note released on Monday, MarketBeat reports. They currently have an overweight rating on the financial services provider’s stock.

Separately, Shore Capital boosted their price target on shares of Standard Chartered from GBX 1,270 to GBX 1,355 and gave the company a “hold” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 1,316.25.

Standard Chartered Trading Down 0.1%

Shares of STAN stock opened at GBX 1,395 on Monday. The firm has a market capitalization of £31.97 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The firm has a fifty day simple moving average of GBX 1,414.13 and a two-hundred day simple moving average of GBX 1,258.19. Standard Chartered has a 12 month low of GBX 840.20 and a 12 month high of GBX 1,514.50.

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.