Standard Chartered PLC (LON:STAN) Given Average Rating of “Hold” by Brokerages

Shares of Standard Chartered PLC (LON:STAN) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,938.33.

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,250 price target on shares of Standard Chartered in a report on Thursday, April 30th. UBS Group restated a “buy” rating and set a GBX 2,130 price target on shares of Standard Chartered in a research note on Monday, May 18th. Shore Capital Group raised Standard Chartered to a “sell” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Standard Chartered from GBX 2,200 to GBX 2,220 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th.

Standard Chartered Trading Down 1.1%

STAN traded down GBX 24 on Tuesday, hitting GBX 2,126. 2,902,116 shares of the company were exchanged, compared to its average volume of 51,219,863. Standard Chartered has a twelve month low of GBX 1,225 and a twelve month high of GBX 2,160. The company has a market cap of £46.47 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60. The firm has a 50-day moving average price of GBX 1,947.84 and a two-hundred day moving average price of GBX 1,819.21.

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. 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.