Standard Chartered (LON:STAN) Price Target Raised to GBX 2,370

Standard Chartered (LON:STAN) had its target price increased by Citigroup from GBX 2,230 to GBX 2,370 in a report published on Wednesday morning,Digital Look reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

A number of other research analysts also recently commented on STAN. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,450 target price on shares of Standard Chartered in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,250 price target on shares of Standard Chartered in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Standard Chartered from GBX 2,330 to GBX 2,470 and gave the company an “overweight” rating in a research note on Tuesday, September 8th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,334.

Standard Chartered Price Performance

STAN stock opened at GBX 2,313 on Wednesday. The business has a 50-day moving average price of GBX 2,212.59 and a 200 day moving average price of GBX 1,979.09. The company has a market capitalization of £50.48 billion, a P/E ratio of 10.94, a PEG ratio of 0.80 and a beta of 0.59. Standard Chartered has a 1-year low of GBX 1,351.50 and a 1-year high of GBX 2,345.

Insider Buying and Selling at Standard Chartered

In related news, Chief Group Executive Bill Winters acquired 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price of GBX 2,221 per share, with a total value of £6,663,000. 0.38% of the stock is 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.