Standard Chartered PLC (LON:STAN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Standard Chartered PLC (LON:STAN) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,938.33.

A number of research firms have weighed in on STAN. UBS Group reissued a “buy” rating and set a GBX 2,130 target price on shares of Standard Chartered in a research report on Monday, May 18th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,250 price objective on shares of Standard Chartered in a research note on Thursday, April 30th. Shore Capital Group raised Standard Chartered to a “sell” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on Standard Chartered from GBX 2,200 to GBX 2,220 and gave the company an “overweight” rating in a research note on Wednesday, May 6th.

Standard Chartered Trading Up 2.4%

LON:STAN opened at GBX 1,896 on Friday. Standard Chartered has a 1 year low of GBX 1,128 and a 1 year high of GBX 2,073. The firm’s fifty day simple moving average is GBX 1,833.37 and its 200 day simple moving average is GBX 1,774.92. The firm has a market capitalization of £41.44 billion, a PE ratio of 9.18, a PEG ratio of 0.80 and a beta of 0.61.

Insider Buying and Selling

In related news, insider Peter Burrill sold 10,907 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of GBX 1,554, for a total transaction of £169,494.78. Also, insider Bill Winters bought 86,027 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of GBX 1,507 per share, with a total value of £1,296,426.89. 0.39% of the stock is owned by insiders.

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.