Analysts Set Standard Chartered PLC (LON:STAN) PT at GBX 1,002

Shares of Standard Chartered PLC (LON:STAN) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 1,002 ($12.72).

A number of equities analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Monday, September 2nd. Berenberg Bank restated a “buy” rating and set a GBX 1,100 ($13.96) price objective on shares of Standard Chartered in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Standard Chartered from GBX 1,000 ($12.69) to GBX 1,020 ($12.95) and gave the stock an “overweight” rating in a report on Thursday, August 1st.

Standard Chartered Price Performance

Standard Chartered stock opened at GBX 979.40 ($12.43) on Tuesday. The firm has a market capitalization of £24.00 billion, a P/E ratio of 1,125.75, a P/E/G ratio of 0.80 and a beta of 0.85. The stock has a fifty day moving average price of GBX 864.84 and a two-hundred day moving average price of GBX 786.34. Standard Chartered has a 52-week low of GBX 571 ($7.25) and a 52-week high of GBX 987.40 ($12.53).

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.