Standard Chartered’s (STAN) “Buy” Rating Reiterated at UBS Group

Standard Chartered (LON:STAN)‘s stock had its “buy” rating reiterated by stock analysts at UBS Group in a research report issued on Monday,Digital Look reports. They currently have a GBX 2,130 price objective on the financial services provider’s stock. UBS Group’s price target indicates a potential upside of 12.34% from the stock’s previous close.

Several other research analysts also recently commented on STAN. Shore Capital Group raised Standard Chartered to a “sell” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Standard Chartered from GBX 1,700 to GBX 1,900 and gave the stock a “hold” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Standard Chartered from GBX 2,200 to GBX 2,220 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,250 price target on shares of Standard Chartered in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,938.33.

Standard Chartered Price Performance

LON STAN opened at GBX 1,896 on Monday. The company has a market cap of £41.72 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60. The stock’s 50 day simple moving average is GBX 1,702.62 and its 200-day simple moving average is GBX 1,728.19. Standard Chartered has a 1-year low of GBX 1,113 and a 1-year high of GBX 1,938.20.

Insider Activity at Standard Chartered

In related news, insider Bill Winters acquired 86,027 shares of Standard Chartered stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of GBX 1,507 per share, for a total transaction of £1,296,426.89. Also, insider Peter Burrill sold 10,907 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of GBX 1,554, for a total value of £169,494.78. 0.38% of the stock is currently owned by company insiders.

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.