Standard Chartered (LON:STAN) Given New GBX 1,355 Price Target at Shore Capital

Standard Chartered (LON:STAN) had its price target lifted by equities researchers at Shore Capital from GBX 1,270 ($16.84) to GBX 1,355 ($17.97) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Shore Capital’s target price suggests a potential downside of 1.31% from the company’s current price.

Standard Chartered Stock Performance

LON STAN opened at GBX 1,373 ($18.20) on Thursday. The company has a market capitalization of £41.46 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The business’s fifty day moving average is GBX 1,222.05 and its 200 day moving average is GBX 1,144.78. Standard Chartered has a fifty-two week low of GBX 664.80 ($8.81) and a fifty-two week high of GBX 1,393 ($18.47).

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.