Standard Chartered (LON:STAN) Stock Price Expected to Rise, Citigroup Analyst Says

Standard Chartered (LON:STANGet Free Report) had its price objective lifted by analysts at Citigroup from GBX 2,130 to GBX 2,230 in a report issued on Thursday,Digital Look reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price objective suggests a potential upside of 0.77% from the company’s current price.

Several other analysts also recently weighed in on STAN. JPMorgan Chase & Co. upgraded Standard Chartered to an “overweight” rating and upped their price objective for the stock from GBX 2,220 to GBX 2,270 in a research report on Tuesday, July 21st. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,250 target price on shares of Standard Chartered in a research note on Wednesday. UBS Group reissued a “buy” rating and issued a GBX 2,130 target price on shares of Standard Chartered in a report on Monday, May 18th. Finally, Shore Capital Group upgraded shares of Standard Chartered to a “sell” rating in a research note on Friday, May 1st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 2,022.50.

View Our Latest Stock Analysis on STAN

Standard Chartered Price Performance

LON STAN opened at GBX 2,213 on Thursday. The business has a fifty day moving average price of GBX 2,037.67 and a two-hundred day moving average price of GBX 1,856.04. The stock has a market capitalization of £48.12 billion, a PE ratio of 10.72, a PEG ratio of 0.80 and a beta of 0.60. Standard Chartered has a fifty-two week low of GBX 1,285 and a fifty-two week high of GBX 2,213.37.

Key Stories Impacting Standard Chartered

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Standard Chartered Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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