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

Standard Chartered (LON:STANGet Free Report) was upgraded by investment analysts at Keefe, Bruyette & Woods to a “market perform” rating in a research report issued to clients and investors on Monday, LSE.Co.UK reports. The brokerage currently has a GBX 790 ($9.90) price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 35.83% from the company’s previous close.

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

Check Out Our Latest Research Report on STAN

Standard Chartered Stock Up 1.4 %

Shares of Standard Chartered stock traded up GBX 7.80 ($0.10) on Monday, hitting GBX 581.60 ($7.29). 5,080,666 shares of the company were exchanged, compared to its average volume of 4,949,701. The stock has a market capitalization of £15.53 billion, a price-to-earnings ratio of 1,140.39, a price-to-earnings-growth ratio of 0.70 and a beta of 0.83. The company has a 50-day moving average price of GBX 626.42 and a 200 day moving average price of GBX 678.47. Standard Chartered has a 1-year low of GBX 571 ($7.16) and a 1-year high of GBX 799.40 ($10.02).

Standard Chartered Company Profile

(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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