Standard Chartered PLC (LON:STAN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Standard Chartered PLC (LON:STAN) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 2,278.

Several brokerages recently weighed in on STAN. JPMorgan Chase & Co. boosted their target price on shares of Standard Chartered from GBX 2,270 to GBX 2,330 and gave the company an “overweight” rating in a research note on Monday, August 3rd. UBS Group reaffirmed a “buy” rating and set a GBX 2,130 price target on shares of Standard Chartered in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,450 price target on shares of Standard Chartered in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,250 price objective on shares of Standard Chartered in a research report on Wednesday, July 29th. Finally, Citigroup upped their price objective on shares of Standard Chartered from GBX 2,130 to GBX 2,230 and gave the company a “neutral” rating in a research note on Thursday, July 30th.

Standard Chartered Stock Down 0.0%

Shares of LON:STAN opened at GBX 2,168 on Wednesday. The company has a market capitalization of £47.46 billion, a P/E ratio of 10.26, a P/E/G ratio of 0.80 and a beta of 0.60. Standard Chartered has a 52-week low of GBX 1,351.50 and a 52-week high of GBX 2,262. The stock’s fifty day simple moving average is GBX 2,146.68 and its 200-day simple moving average is GBX 1,915.10.

Insider Buying and Selling

In other Standard Chartered news, Chief Group Executive Bill Winters purchased 300,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of GBX 2,221 per share, for a total transaction of £6,663,000. Insiders own 0.39% of the company’s stock.

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.