JPMorgan Chase & Co. Reiterates Overweight Rating for Standard Chartered (STAN)
JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Standard Chartered (LON:STAN) in a research report released on Wednesday. JPMorgan Chase & Co. currently has a GBX 900 ($12.43) price target on the financial services provider’s stock.
A number of other equities analysts also recently commented on the stock. Morgan Stanley raised their price objective on shares of Standard Chartered from GBX 660 ($9.12) to GBX 700 ($9.67) and gave the stock an underweight rating in a report on Wednesday. Citigroup reaffirmed a buy rating and set a GBX 915 ($12.64) price objective on shares of Standard Chartered in a report on Wednesday. Shore Capital reaffirmed a buy rating on shares of Standard Chartered in a report on Tuesday, February 27th. Deutsche Bank reaffirmed a hold rating and set a GBX 653 ($9.02) price objective on shares of Standard Chartered in a report on Monday, February 5th. Finally, Berenberg Bank raised shares of Standard Chartered to a buy rating and raised their price objective for the stock from GBX 700 ($9.67) to GBX 920 ($12.71) in a report on Monday, February 5th. Eight research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 737.20 ($10.19).
Standard Chartered (STAN) opened at GBX 780 ($10.78) on Wednesday. The company has a market cap of $25,660.00 and a PE ratio of 3,545.45. Standard Chartered has a 1-year low of GBX 678.80 ($9.38) and a 1-year high of GBX 864.20 ($11.94).
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.
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