Standard Chartered PLC (LON:STAN – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,083 and last traded at GBX 2,082, with a volume of 345987063 shares trading hands. The stock had previously closed at GBX 2,044.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Standard Chartered from GBX 2,200 to GBX 2,220 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,250 price target on shares of Standard Chartered in a research report on Thursday, April 30th. 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. Finally, Shore Capital Group raised Standard Chartered to a “sell” rating in a research note on Friday, May 1st. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Standard Chartered presently has a consensus rating of “Hold” and an average price target of GBX 1,938.33.
Check Out Our Latest Stock Analysis on STAN
Standard Chartered Stock Up 2.1%
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.
Recommended Stories
- Five stocks we like better than Standard Chartered
- Royal Caribbean’s Best Quarter Ever Still Leaves a Big Question
- Lululemon’s China Backlash May Be Hiding a Bigger Valuation Story
- 3 Inflation-Fighting Stocks Built for Higher Oil Prices
- 3 Biotech Firms With Major Potential Catalysts in the Coming Months
Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.
