Standard Chartered (STAN) Stock Rating Upgraded by J P Morgan Chase & Co

Standard Chartered (LON:STAN) was upgraded by research analysts at J P Morgan Chase & Co to an “overweight” rating in a note issued to investors on Tuesday. The brokerage presently has a GBX 900 ($12.11) price target on the financial services provider’s stock, up from their previous price target of GBX 800 ($10.77). J P Morgan Chase & Co’s price objective would suggest a potential upside of 19.25% from the stock’s previous close.

Other analysts have also issued research reports about the company. HSBC boosted their price target on Standard Chartered from GBX 620 ($8.34) to GBX 630 ($8.48) and gave the company a “reduce” rating in a report on Thursday, November 2nd. boosted their price target on Standard Chartered from GBX 620 ($8.34) to GBX 630 ($8.48) and gave the company a “reduce” rating in a report on Thursday, November 2nd. boosted their price target on Standard Chartered from GBX 620 ($8.34) to GBX 630 ($8.48) and gave the company a “reduce” rating in a report on Thursday, November 2nd. Shore Capital reiterated a “buy” rating on shares of Standard Chartered in a report on Tuesday, November 28th. Finally, Citigroup reiterated a “buy” rating and issued a GBX 860 ($11.57) price target on shares of Standard Chartered in a report on Wednesday, November 22nd. Nine research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Standard Chartered has an average rating of “Hold” and a consensus price target of GBX 698.39 ($9.40).

Shares of Standard Chartered (STAN) opened at GBX 749.80 ($10.09) on Tuesday. Standard Chartered has a one year low of GBX 633.86 ($8.53) and a one year high of GBX 860 ($11.57).

In other Standard Chartered news, insider Bill Winters sold 149,761 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of GBX 725 ($9.76), for a total transaction of £1,085,767.25 ($1,461,328.73).

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About Standard Chartered

Standard Chartered PLC is an international banking company. The Banks’s segments include Corporate & Institutional Banking, Retail Banking, Commercial Banking and Private Banking. Its Corporate & Institutional Banking segment allows companies and financial institutions to operate and trade globally, and its Private Banking segment supports high net worth individuals with their banking needs across borders and offers access to global investment opportunities.

Analyst Recommendations for Standard Chartered (LON:STAN)

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