Brokerages Set Standard Chartered PLC (LON:STAN) PT at GBX 2,266

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

Several research firms have issued reports on STAN. Citigroup lifted their target price on 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. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,250 price target on shares of Standard Chartered in a report on Wednesday, July 29th. Shore Capital Group raised Standard Chartered to a “sell” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their price target on 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. Finally, UBS Group reissued a “buy” rating and issued a GBX 2,130 price target on shares of Standard Chartered in a report on Monday, May 18th.

Key Headlines Impacting Standard Chartered

Here are the key news stories impacting Standard Chartered this week:

• Positive Sentiment: Chief Executive Bill Winters reportedly bought 300,000 Standard Chartered shares, a purchase that may signal management’s confidence in the bank’s valuation and outlook. Bill Winters Buys 300,000 Shares of Standard Chartered Stock
• Positive Sentiment: An analyst upgrade helped Standard Chartered reach a new 52-week high, while the reported brokerage consensus price target of GBX 2,266 remains supportive of the shares. Standard Chartered Sets New 52-Week High After Analyst Upgrade Standard Chartered Receives Consensus Price Target
• Positive Sentiment: Standard Chartered received in-principle approval from India’s International Financial Services Centres Authority to offer wealth-management products from GIFT City. The initiative could expand fee income and deepen the bank’s access to India’s affluent and international client base. Standard Chartered to Offer Wealth Products in India’s GIFT City
• Positive Sentiment: The bank is highlighting Saudi Arabia, the UAE and Bahrain as potential hubs connecting Islamic capital with high-growth markets. This supports its broader strategy of expanding corporate, investment and wealth-management activity across the Middle East. Saudi Arabia Poised to Become a Global Hub for Islamic Capital Flows
• Positive Sentiment: Standard Chartered prefers emerging-market sovereign bonds denominated in U.S. dollars, reflecting a constructive view of selected emerging-market credit opportunities and the bank’s expertise in those markets. Standard Chartered Prefers Emerging-Market Sovereign U.S. Dollar-Denominated Bonds
• Neutral Sentiment: Standard Chartered completed the sale of its Sri Lankan wealth and retail-banking business to DFCC while sharpening its focus on corporate and investment banking in the country. The transaction could improve strategic focus, although it also reduces the bank’s local retail operations. DFCC Completes Acquisition of Standard Chartered Sri Lanka’s Wealth and Retail Banking Business
• Negative Sentiment: Two former Standard Chartered bankers were jailed over an HK$28 million Africa investment scam. The individuals were former employees rather than the current bank, but the case could create limited reputational concerns. Former Standard Chartered Bankers Jailed Over Africa Investment Scam

Standard Chartered Trading Up 1.1%

Shares of LON:STAN opened at GBX 2,219 on Friday. Standard Chartered has a 12-month low of GBX 1,285 and a 12-month high of GBX 2,262. The business’s fifty day simple moving average is GBX 2,073.21 and its 200-day simple moving average is GBX 1,874.39. The company has a market capitalization of £48.58 billion, a PE ratio of 10.50, a P/E/G ratio of 0.80 and a beta of 0.60.

Insider Transactions at Standard Chartered

In related news, Chief Group Executive Bill Winters purchased 300,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of GBX 2,221 per share, with a total value 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.