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

Standard Chartered (LON:STAN)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 2,250 price target on the financial services provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 4.41% from the stock’s current price.

Several other research firms have also recently commented on STAN. JPMorgan Chase & Co. upgraded Standard Chartered to an “overweight” rating and increased their target price for the company from GBX 2,220 to GBX 2,270 in a research note on Tuesday, July 21st. UBS Group reiterated a “buy” rating and set a GBX 2,130 price objective on shares of Standard Chartered in a research note on Monday, May 18th. Finally, Shore Capital Group upgraded shares of Standard Chartered to a “sell” rating in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,946.67.

Standard Chartered Stock Performance

Shares of STAN opened at GBX 2,155 on Wednesday. Standard Chartered has a one year low of GBX 1,285 and a one year high of GBX 2,205. The stock has a 50-day moving average price of GBX 2,032.02 and a 200 day moving average price of GBX 1,853.57. The company has a market capitalization of £46.86 billion, a P/E ratio of 10.44, a P/E/G ratio of 0.80 and a beta of 0.60.

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.