Standard Chartered (LON:STAN) Sets New 1-Year High – Time to Buy?

Standard Chartered PLC (LON:STAN)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 1,880 and last traded at GBX 1,872, with a volume of 16929008 shares traded. The stock had previously closed at GBX 1,862.

Analysts Set New Price Targets

Several research analysts recently commented on STAN shares. JPMorgan Chase & Co. raised their price objective on shares of Standard Chartered from GBX 1,770 to GBX 1,880 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Citigroup increased their target price on Standard Chartered from GBX 1,675 to GBX 1,775 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft lifted their price target on Standard Chartered from GBX 1,700 to GBX 1,900 and gave the company a “hold” rating in a research report on Friday, January 23rd. Finally, Shore Capital restated a “hold” rating on shares of Standard Chartered in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 1,727.50.

Standard Chartered Price Performance

The company has a market capitalization of £42.74 billion, a P/E ratio of 9.97, a PEG ratio of 0.80 and a beta of 0.85. The company has a 50 day moving average of GBX 1,775.18 and a 200-day moving average of GBX 1,557.13.

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.