Standard Chartered PLC (LON:STAN) Given Average Recommendation of “Hold” by Brokerages

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

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Standard Chartered from GBX 1,700 to GBX 1,900 and gave the company a “hold” rating in a research report on Friday, January 23rd. UBS Group reissued a “buy” rating and issued a GBX 2,130 price target on shares of Standard Chartered in a report on Monday. Shore Capital Group upgraded shares of Standard Chartered to a “sell” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Standard Chartered from GBX 2,200 to GBX 2,220 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,250 target price on shares of Standard Chartered in a research report on Thursday, April 30th.

Standard Chartered Stock Up 0.4%

Shares of Standard Chartered stock traded up GBX 7.50 on Monday, hitting GBX 1,896. 77,764,586 shares of the company traded hands, compared to its average volume of 50,769,539. The company has a market cap of £41.72 billion, a PE ratio of 9.18, a PEG ratio of 0.80 and a beta of 0.60. Standard Chartered has a 12-month low of GBX 1,113 and a 12-month high of GBX 1,938.20. The company has a 50-day moving average price of GBX 1,702.62 and a 200 day moving average price of GBX 1,728.19.

Insider Activity at Standard Chartered

In other Standard Chartered news, insider Bill Winters acquired 86,027 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of GBX 1,507 per share, with a total value of £1,296,426.89. Also, insider Peter Burrill sold 10,907 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of GBX 1,554, for a total transaction of £169,494.78. 0.38% of the stock is owned by corporate insiders.

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.