Analysts Set Standard Chartered PLC (LON:STAN) Price Target at GBX 979.67

Standard Chartered PLC (LON:STAN) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 979.67 ($12.75).

A number of research firms have recently commented on STAN. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Monday, September 2nd. JPMorgan Chase & Co. boosted their target price on Standard Chartered from GBX 1,000 ($13.02) to GBX 1,020 ($13.28) and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,100 ($14.32) price target on shares of Standard Chartered in a research note on Wednesday, August 21st.

Standard Chartered Price Performance

Shares of STAN opened at GBX 933.60 ($12.15) on Friday. The firm has a 50 day simple moving average of GBX 816.41 and a two-hundred day simple moving average of GBX 760.80. Standard Chartered has a one year low of GBX 571 ($7.43) and a one year high of GBX 952.60 ($12.40). The company has a market cap of £22.87 billion, a P/E ratio of 1,078.62, a P/E/G ratio of 0.80 and a beta of 0.85.

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.