Standard Chartered PLC (LON:STAN) Stock Has Consensus Price Target of GBX 2,306

Shares of Standard Chartered PLC (LON:STAN) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,334.

STAN has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of Standard Chartered from GBX 2,330 to GBX 2,470 and gave the stock an “overweight” rating in a research note on Tuesday, September 8th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,250 target price on shares of Standard Chartered in a research report on Wednesday, July 29th. Citigroup increased their price target on Standard Chartered from GBX 2,230 to GBX 2,370 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,450 price objective on shares of Standard Chartered in a research note on Thursday, July 30th.

Standard Chartered Trading Up 1.6%

STAN opened at GBX 2,292 on Friday. Standard Chartered has a 12-month low of GBX 1,351.50 and a 12-month high of GBX 2,345. The firm has a 50 day moving average of GBX 2,208.32 and a two-hundred day moving average of GBX 1,976.73. The firm has a market capitalization of £50.02 billion, a PE ratio of 10.84, a P/E/G ratio of 0.80 and a beta of 0.59.

Insiders Place Their Bets

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 bought at an average cost of GBX 2,221 per share, with a total value of £6,663,000. Corporate insiders own 0.38% of the company’s stock.

About Standard Chartered

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.