Analysts Set Standard Chartered PLC (LON:STAN) Target Price at GBX 951.33

Standard Chartered PLC (LON:STAN) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 951.33 ($12.03).

A number of equities analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,300 ($16.44) price target on shares of Standard Chartered in a report on Thursday, April 18th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Standard Chartered in a report on Thursday, May 2nd. Finally, Barclays lifted their price target on shares of Standard Chartered from GBX 750 ($9.49) to GBX 800 ($10.12) and gave the company an “equal weight” rating in a report on Friday, May 3rd.

Standard Chartered Price Performance

Shares of STAN opened at GBX 729.40 ($9.23) on Friday. The firm has a 50 day simple moving average of GBX 744.47 and a two-hundred day simple moving average of GBX 676.89. The company has a market cap of £18.60 billion, a P/E ratio of 821.14, a P/E/G ratio of 1.06 and a beta of 0.83. Standard Chartered has a one year low of GBX 571 ($7.22) and a one year high of GBX 796 ($10.07).

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.