Standard Chartered (LON:STAN) Price Target Raised to GBX 2,170

Standard Chartered (LON:STAN) had its target price lifted by investment analysts at JPMorgan Chase & Co. from GBX 1,880 to GBX 2,170 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 16.42% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Standard Chartered from GBX 1,700 to GBX 1,900 and gave the stock a “hold” rating in a report on Friday, January 23rd. Shore Capital reaffirmed a “hold” rating on shares of Standard Chartered in a research report on Thursday, October 30th. Finally, Citigroup increased their price objective on Standard Chartered from GBX 1,675 to GBX 1,775 and gave the stock a “neutral” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Standard Chartered presently has a consensus rating of “Hold” and an average price target of GBX 1,800.

Standard Chartered Stock Performance

Shares of Standard Chartered stock traded down GBX 15 during trading on Thursday, hitting GBX 1,864. 54,435,793 shares of the stock were exchanged, compared to its average volume of 35,682,594. Standard Chartered has a 12 month low of GBX 872.80 and a 12 month high of GBX 1,924. The stock has a market cap of £42.15 billion, a PE ratio of 9.84, a P/E/G ratio of 0.80 and a beta of 0.85. The stock’s fifty day moving average is GBX 1,791.22 and its 200 day moving average is GBX 1,567.05.

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.