Standard Chartered (LON:STAN) Earns “Neutral” Rating from Citigroup

Citigroup restated their neutral rating on shares of Standard Chartered (LON:STANFree Report) in a report released on Monday, MarketBeat Ratings reports.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group reiterated a buy rating and set a GBX 1,300 ($16.65) price objective on shares of Standard Chartered in a research report on Thursday, April 18th. Barclays lifted their price target on Standard Chartered from GBX 750 ($9.61) to GBX 800 ($10.25) and gave the stock an equal weight rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of Standard Chartered in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of GBX 951.33 ($12.19).

Check Out Our Latest Stock Analysis on STAN

Standard Chartered Stock Performance

LON STAN opened at GBX 721.40 ($9.24) on Monday. The business has a fifty day moving average price of GBX 748.02 and a 200 day moving average price of GBX 679.26. The company has a market cap of £18.40 billion, a P/E ratio of 819.77, a P/E/G ratio of 1.06 and a beta of 0.83. Standard Chartered has a one year low of GBX 571 ($7.31) and a one year high of GBX 796 ($10.20).

Standard Chartered Company Profile

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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.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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