Standard Chartered (LON:STAN) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Standard Chartered (LON:STAN)‘s stock had its “overweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research report issued on Thursday, MarketBeat reports.

Several other analysts have also recently weighed in on the company. Berenberg Bank boosted their price objective on Standard Chartered from GBX 1,000 ($12.56) to GBX 1,050 ($13.19) and gave the stock a “buy” rating in a report on Friday, February 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,300 ($16.33) price objective on shares of Standard Chartered in a research note on Thursday, April 18th. 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 research note on Monday, February 12th. Finally, Shore Capital restated a “buy” rating on shares of Standard Chartered in a report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 951.33 ($11.95).

Standard Chartered Price Performance

Shares of STAN opened at GBX 755 ($9.48) on Thursday. The company has a market capitalization of £19.78 billion, a P/E ratio of 898.81, a PEG ratio of 1.07 and a beta of 0.87. The business’s 50 day simple moving average is GBX 672.33 and its 200-day simple moving average is GBX 648.20. Standard Chartered has a one year low of GBX 571 ($7.17) and a one year high of GBX 767 ($9.63).

Insider Buying and Selling at Standard Chartered

In other news, insider Bill Winters sold 40,432 shares of the company’s stock in a transaction that occurred 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). Company insiders own 0.31% of the company’s stock.

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.