Standard Chartered PLC (LON:STAN) Receives GBX 1,938.33 Average Target Price from Analysts

Standard Chartered PLC (LON:STAN – Get Free Report) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 1,938.33.

Several brokerages have issued reports on STAN. JPMorgan Chase & Co. lifted their price objective 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 issued a GBX 2,250 price objective on shares of Standard Chartered in a research report on Thursday, April 30th. Shore Capital Group upgraded Standard Chartered to a “sell” rating in a research report on Friday, May 1st. Finally, UBS Group reiterated a “buy” rating and issued a GBX 2,130 price objective on shares of Standard Chartered in a research report on Monday, May 18th.

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Standard Chartered Stock Performance

Shares of STAN opened at GBX 1,946 on Monday. The stock has a fifty day moving average price of GBX 1,728.11 and a two-hundred day moving average price of GBX 1,741.14. Standard Chartered has a 52-week low of GBX 1,113 and a 52-week high of GBX 1,954.50. The company has a market cap of £42.82 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.80 and a beta of 0.60.

Insider Buying and Selling at Standard Chartered

In other news, insider Peter Burrill sold 10,907 shares of Standard Chartered stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of GBX 1,554, for a total value of £169,494.78. Also, insider Bill Winters bought 86,027 shares of the stock in a transaction dated Thursday, March 19th. The stock was purchased at an average cost of GBX 1,507 per share, with a total value of £1,296,426.89. 0.38% of the stock is currently owned by company insiders.

Standard Chartered Company Profile

(Get Free Report)

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.

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