Standard Chartered (LON:STAN) had its price target raised by JPMorgan Chase & Co. from GBX 570 ($7.74) to GBX 600 ($8.14) in a research report sent to investors on Wednesday morning, PriceTargets.com reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.
A number of other research analysts have also recently issued reports on STAN. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Standard Chartered from GBX 560 ($7.60) to GBX 610 ($8.28) and gave the company a buy rating in a research note on Tuesday, December 7th. Barclays restated an equal weight rating and issued a GBX 550 ($7.47) target price on shares of Standard Chartered in a research report on Wednesday, November 3rd. Berenberg Bank cut their target price on shares of Standard Chartered from GBX 630 ($8.55) to GBX 600 ($8.14) and set a buy rating on the stock in a research report on Thursday, November 4th. Finally, Shore Capital restated a buy rating on shares of Standard Chartered in a research report on Monday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of GBX 582.71 ($7.91).
Shares of STAN opened at GBX 523.20 ($7.10) on Wednesday. Standard Chartered has a 12 month low of GBX 406.20 ($5.51) and a 12 month high of GBX 533.20 ($7.24). The firm’s 50 day moving average is GBX 448.04 and its 200-day moving average is GBX 450.67. The stock has a market capitalization of £16.11 billion and a PE ratio of 12.77.
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.
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