Citigroup Issues Positive Forecast for Standard Chartered (LON:STAN) Stock Price

Standard Chartered (LON:STAN) had its price target lifted by Citigroup from GBX 1,170 ($15.08) to GBX 1,250 ($16.11) in a research note published on Thursday, MarketBeat Ratings reports. The firm currently has a neutral rating on the financial services provider’s stock.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 970 ($12.50) price target on shares of Standard Chartered in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Standard Chartered has a consensus rating of “Moderate Buy” and an average price target of GBX 1,073.33 ($13.83).

Standard Chartered Stock Performance

Shares of Standard Chartered stock opened at GBX 1,228.50 ($15.83) on Thursday. The company has a market cap of £37.09 billion, a P/E ratio of 11.06, a PEG ratio of 0.80 and a beta of 0.85. Standard Chartered has a one year low of GBX 635.20 ($8.19) and a one year high of GBX 1,281 ($16.51). The firm has a fifty day moving average of GBX 1,096.38 and a two-hundred day moving average of GBX 936.85.

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.