Standard Chartered’s (STAN) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Standard Chartered (LON:STAN – Free Report) in a research report sent to investors on Wednesday,Digital Look reports. The firm currently has a GBX 2,250 price target on the financial services provider’s stock.

Several other research analysts have also issued reports on the stock. UBS Group reiterated a “buy” rating and issued a GBX 2,130 price target on shares of Standard Chartered in a research note on Monday, May 18th. Shore Capital Group upgraded Standard Chartered to a “sell” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. raised shares of Standard Chartered to an “overweight” rating and boosted their price objective for the company from GBX 2,220 to GBX 2,270 in a report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,266.

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Standard Chartered Price Performance

LON STAN opened at GBX 2,193.86 on Wednesday. The stock has a market capitalization of £47.71 billion, a PE ratio of 10.62, a PEG ratio of 0.80 and a beta of 0.60. Standard Chartered has a 1 year low of GBX 1,285 and a 1 year high of GBX 2,254. The business’s 50-day moving average is GBX 2,048.25 and its 200 day moving average is GBX 1,861.36.

About Standard Chartered

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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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