Deutsche Bank Aktiengesellschaft Increases Standard Chartered (LON:STAN) Price Target to GBX 1,900

Standard Chartered (LON:STAN) had its target price raised by analysts at Deutsche Bank Aktiengesellschaft from GBX 1,700 to GBX 1,900 in a research report issued on Friday,Digital Look reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 2.95% from the company’s current price.

Several other equities research analysts also recently weighed in on STAN. Citigroup upped their target price on Standard Chartered from GBX 1,675 to GBX 1,775 and gave the stock a “neutral” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their price target on Standard Chartered from GBX 1,770 to GBX 1,880 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Shore Capital reaffirmed a “hold” rating on shares of Standard Chartered in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 1,727.50.

Standard Chartered Trading Down 0.5%

LON:STAN opened at GBX 1,845.50 on Friday. The firm’s fifty day simple moving average is GBX 1,743.28 and its 200 day simple moving average is GBX 1,529.77. Standard Chartered has a twelve month low of GBX 872.80 and a twelve month high of GBX 1,878.65. The firm has a market capitalization of £41.73 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 0.80 and a beta of 0.85.

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.