Standard Chartered (LON:STAN) Price Target Raised to GBX 2,470 at JPMorgan Chase & Co.

Standard Chartered (LON:STAN) had its price target upped by investment analysts at JPMorgan Chase & Co. from GBX 2,330 to GBX 2,470 in a research report issued to clients and investors on Tuesday, London Stock Exchange reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 9.78% from the stock’s current price.

STAN has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,450 target price on shares of Standard Chartered in a research note on Thursday, July 30th. UBS Group restated a “buy” rating and set a GBX 2,130 target price on shares of Standard Chartered in a report on Monday, May 18th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,250 price target on shares of Standard Chartered in a report on Wednesday, July 29th. Finally, Citigroup raised their target price on shares of Standard Chartered from GBX 2,130 to GBX 2,230 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Standard Chartered presently has an average rating of “Moderate Buy” and an average price target of GBX 2,306.

Standard Chartered Price Performance

Shares of LON STAN opened at GBX 2,250 on Tuesday. The company has a market cap of £49.11 billion, a PE ratio of 10.64, a P/E/G ratio of 0.80 and a beta of 0.59. Standard Chartered has a 1-year low of GBX 1,351.50 and a 1-year high of GBX 2,270. The stock has a fifty day moving average price of GBX 2,161.68 and a 200 day moving average price of GBX 1,929.01.

Insiders Place Their Bets

In other news, Chief Group Executive Bill Winters acquired 300,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of GBX 2,221 per share, with a total value of £6,663,000. 0.38% of the stock is currently owned by insiders.

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.