Standard Chartered (LON:STAN) Raised to “Market Perform” at Keefe, Bruyette & Woods

Standard Chartered (LON:STANGet Free Report) was upgraded by equities researchers at Keefe, Bruyette & Woods to a “market perform” rating in a research note issued to investors on Monday, LSE.Co.UK reports. The firm presently has a GBX 790 ($9.90) price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 35.83% from the stock’s current price.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group raised shares of Standard Chartered to a “buy” rating and reduced their target price for the stock from GBX 879 ($11.02) to GBX 868 ($10.88) in a research report on Monday, November 20th. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research report on Monday, October 16th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,100 ($13.79) target price on shares of Standard Chartered in a research note on Monday, November 6th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Standard Chartered currently has a consensus rating of “Moderate Buy” and an average target price of GBX 932.57 ($11.69).

Read Our Latest Research Report on Standard Chartered

Standard Chartered Stock Up 1.4 %

Shares of LON:STAN traded up GBX 7.80 ($0.10) during midday trading on Monday, reaching GBX 581.60 ($7.29). The company’s stock had a trading volume of 5,080,666 shares, compared to its average volume of 4,949,701. The firm has a 50 day moving average of GBX 626.42 and a 200-day moving average of GBX 678.47. The firm has a market capitalization of £15.53 billion, a P/E ratio of 1,140.39, a PEG ratio of 0.70 and a beta of 0.83. Standard Chartered has a 12-month low of GBX 571 ($7.16) and a 12-month high of GBX 799.40 ($10.02).

About Standard Chartered

(Get Free Report)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.

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