Standard Chartered (LON:STAN) Stock Keeps Buy Rating at Jefferies Financial Group

Standard Chartered (LON:STAN)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 3,040 target price on the financial services provider’s stock. Jefferies Financial Group’s target price suggests a potential upside of 43.53% from the company’s previous close.

Other analysts have also issued research reports about the company. Citigroup increased their price objective on Standard Chartered from GBX 2,230 to GBX 2,370 and gave the company a “neutral” rating in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. lifted their target price on shares of Standard Chartered from GBX 2,330 to GBX 2,470 and gave the stock an “overweight” rating in a research note on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,450 target price on shares of Standard Chartered in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,492.

Standard Chartered Price Performance

Shares of Standard Chartered stock opened at GBX 2,118 on Thursday. The business’s 50 day simple moving average is GBX 2,224.52 and its two-hundred day simple moving average is GBX 2,038.20. The stock has a market capitalization of £46.09 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 0.80 and a beta of 0.59. Standard Chartered has a one year low of GBX 1,351.50 and a one year high of GBX 2,364.

Insider Buying and Selling at Standard Chartered

In other news, Chief Group Executive Bill Winters bought 300,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of GBX 2,221 per share, for a total transaction of £6,663,000. Corporate insiders own 0.38% of the company’s stock.

More Standard Chartered News

Here are the key news stories impacting Standard Chartered this week:

• Positive Sentiment: UAE crypto-trading expansion: Standard Chartered has begun offering direct Bitcoin and Ether trading to affluent clients in the United Arab Emirates, becoming the first international bank to provide this service in the country. The move could generate new fee revenue, strengthen its wealth-management proposition and reinforce the bank’s digital-asset leadership. It also carries regulatory and cryptocurrency-volatility risks. Standard Chartered Opens Bitcoin and Ethereum Trading to Wealthy UAE Clients Standard Chartered opens direct Bitcoin and ether trading to affluent UAE clients
• Positive Sentiment: Stablecoin opportunity: Standard Chartered is reportedly backing a forecast that the stablecoin market could reach $2 trillion by 2030. A larger market may benefit the bank through custody, payments, settlement and institutional digital-asset services. Standard Chartered Pushes Stablecoin Market Forecast of $2 Trillion to 2030
• Positive Sentiment: Payments and treasury modernization: Company forums and technology coverage emphasized digital transformation, supply-chain finance and upgraded payment infrastructure. These initiatives could improve transaction growth and deepen relationships with corporate clients. Treasury Leadership Forum
• Neutral Sentiment: Standard Chartered appointed a new head of securities services, while executives discussed cybersecurity, artificial intelligence and the future of banking security. The developments support execution and risk management but provide limited immediate earnings detail. Standard Chartered appoints securities services head Group CISO on AI, Cyber Risk and Banking Security
• Neutral Sentiment: Management commentary also pointed to rising use of the Chinese yuan in trade and payments, potentially supporting Standard Chartered’s cross-border banking franchise, though no specific financial target was provided. Chinese yuan usage in trade and payments

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.