Standard Chartered (LON:STAN) Given “Neutral” Rating at Citigroup

Standard Chartered (LON:STAN)‘s stock had its “neutral” rating restated by research analysts at Citigroup in a research note issued to investors on Monday, Marketbeat Ratings reports.

A number of other equities research analysts also recently commented on STAN. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Chartered in a research report on Thursday, May 2nd. Barclays boosted their target price on Standard Chartered from GBX 750 ($9.61) to GBX 800 ($10.25) and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,300 ($16.65) target price on shares of Standard Chartered in a research report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 951.33 ($12.19).

Standard Chartered Trading Down 1.1 %

LON:STAN opened at GBX 709.20 ($9.08) on Monday. The company has a market capitalization of £18.08 billion, a P/E ratio of 805.91, a P/E/G ratio of 1.06 and a beta of 0.83. Standard Chartered has a 12 month low of GBX 571 ($7.31) and a 12 month high of GBX 796 ($10.20). The business’s 50-day moving average is GBX 747.49 and its 200 day moving average is GBX 678.96.

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.