Standard Chartered (LON:STAN) Receives “Buy” Rating from Jefferies Financial Group

Standard Chartered (LON:STAN)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 2,250 price target on the financial services provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 4.41% from the stock’s previous close.

STAN has been the topic of several other research reports. UBS Group restated a “buy” rating and set a GBX 2,130 price objective on shares of Standard Chartered in a report on Monday, May 18th. JPMorgan Chase & Co. upgraded Standard Chartered to an “overweight” rating and lifted their price target for the company from GBX 2,220 to GBX 2,270 in a report on Tuesday, July 21st. Finally, Shore Capital Group raised shares of Standard Chartered to a “sell” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 1,946.67.

Standard Chartered Stock Performance

Shares of STAN opened at GBX 2,155 on Wednesday. Standard Chartered has a 1 year low of GBX 1,285 and a 1 year high of GBX 2,205. The company’s 50 day simple moving average is GBX 2,032.02 and its 200 day simple moving average is GBX 1,853.57. The company has a market capitalization of £46.86 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 0.80 and a beta of 0.60.

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.