Standard Chartered PLC (LON:STAN) Given Consensus Rating of “Hold” by Analysts

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

STAN has been the subject of several recent research reports. UBS Group restated a “buy” rating and set a GBX 2,130 target price on shares of Standard Chartered in a research report on Monday. JPMorgan Chase & Co. boosted their price target on Standard Chartered from GBX 2,200 to GBX 2,220 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,250 price objective on shares of Standard Chartered in a research note on Thursday, April 30th. Shore Capital Group raised shares of Standard Chartered to a “sell” rating in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Standard Chartered from GBX 1,700 to GBX 1,900 and gave the stock a “hold” rating in a research report on Friday, January 23rd.

Insider Activity at Standard Chartered

In other news, insider Peter Burrill sold 10,907 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of GBX 1,554, for a total value of £169,494.78. Also, insider Bill Winters bought 86,027 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of GBX 1,507 per share, with a total value of £1,296,426.89. Corporate insiders own 0.38% of the company’s stock.

Standard Chartered Price Performance

STAN traded up GBX 7.50 on Monday, hitting GBX 1,896. The company had a trading volume of 77,764,586 shares, compared to its average volume of 50,769,539. The firm has a market capitalization of £41.72 billion, a P/E ratio of 9.18, a P/E/G ratio of 0.80 and a beta of 0.60. The stock has a fifty day simple moving average of GBX 1,702.62 and a 200-day simple moving average of GBX 1,728.19. Standard Chartered has a 52-week low of GBX 1,113 and a 52-week high of GBX 1,938.20.

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.