Standard Chartered (LON:STAN) PT Raised to GBX 800

Standard Chartered (LON:STAN) had its target price lifted by stock analysts at Barclays from GBX 750 ($9.42) to GBX 800 ($10.05) in a research note issued on Friday, Marketbeat Ratings reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price indicates a potential upside of 5.96% from the company’s current price.

Several other analysts have also weighed in on STAN. Keefe, Bruyette & Woods raised Standard Chartered to a “market perform” rating and set a GBX 790 ($9.92) target price on the stock in a report on Monday, February 12th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Standard Chartered in a research note on Thursday. Shore Capital restated a “buy” rating on shares of Standard Chartered in a research report on Friday, February 23rd. Berenberg Bank increased their price target on shares of Standard Chartered from GBX 1,000 ($12.56) to GBX 1,050 ($13.19) and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,300 ($16.33) price objective on shares of Standard Chartered in a research report on Thursday, April 18th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 951.33 ($11.95).

Standard Chartered Price Performance

STAN opened at GBX 755 ($9.48) on Friday. Standard Chartered has a 1-year low of GBX 571 ($7.17) and a 1-year high of GBX 767 ($9.63). The stock has a market cap of £19.78 billion, a P/E ratio of 898.81, a P/E/G ratio of 1.07 and a beta of 0.87. The stock’s 50 day simple moving average is GBX 674.73 and its 200 day simple moving average is GBX 647.57.

Insider Activity at Standard Chartered

In other Standard Chartered news, insider Bill Winters sold 40,432 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of GBX 655 ($8.23), for a total transaction of £264,829.60 ($332,658.71). Insiders own 0.31% of the company’s stock.

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.