Standard Chartered PLC (LON:STAN – Get Free Report) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 2,266.
A number of equities research analysts have issued reports on the stock. Shore Capital Group raised shares of Standard Chartered to a “sell” rating in a report on Friday, May 1st. Citigroup boosted their price target on Standard Chartered from GBX 2,130 to GBX 2,230 and gave the company a “neutral” rating in a report on Thursday. UBS Group reaffirmed a “buy” rating and set a GBX 2,130 price target on shares of Standard Chartered in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,450 price objective on shares of Standard Chartered in a report on Thursday. Finally, JPMorgan Chase & Co. raised Standard Chartered to an “overweight” rating and boosted their target price for the company from GBX 2,220 to GBX 2,270 in a research note on Tuesday, July 21st.
Check Out Our Latest Research Report on STAN
Standard Chartered Stock Performance
Standard Chartered Company Profile
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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