Standard Chartered PLC (STAN.L) – What Are Researchers Saying About This Stock?

Standard Chartered PLC (LON:STAN) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 2,492.

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,040 price objective on shares of Standard Chartered in a research report on Thursday, October 15th. Citigroup increased their target price on Standard Chartered from GBX 2,230 to GBX 2,370 and gave the company a “neutral” rating in a report on Wednesday, September 23rd. JPMorgan Chase & Co. raised their price target on Standard Chartered from GBX 2,330 to GBX 2,470 and gave the company an “overweight” rating in a research note on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,450 price target on shares of Standard Chartered in a report on Thursday, July 30th.

Standard Chartered Stock Down 2.8%

LON STAN opened at GBX 2,005 on Thursday. Standard Chartered has a 52 week low of GBX 1,386.50 and a 52 week high of GBX 2,364. The firm has a 50 day moving average of GBX 2,211.36 and a two-hundred day moving average of GBX 2,056.55. The stock has a market capitalization of £43.63 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.80 and a beta of 0.59.

Insider Activity at Standard Chartered

In other Standard Chartered news, Chief Group Executive Bill Winters bought 300,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of GBX 2,221 per share, with a total value of £6,663,000. Insiders own 0.38% of the company’s stock.

Key Standard Chartered News

Here are the key news stories impacting Standard Chartered this week:

• Positive Sentiment: Digital-assets expansion: Standard Chartered has signed a binding agreement to acquire 100% of the parent company of Zodia Custody, a crypto-asset custody provider. The deal strengthens the bank’s institutional digital-asset offering and could create growth opportunities as regulated crypto services develop. Completion remains subject to regulatory approvals. Standard Chartered Signs Agreement To Acquire Zodia Custody
• Positive Sentiment: India-focused customer proposition: Standard Chartered and Air India launched a partnership offering travel, loyalty and wealth-management benefits to eligible Global Indian clients, initially including customers in the UAE and Singapore. The initiative may support customer acquisition and cross-selling in important wealth markets, though near-term financial benefits are likely to be modest. Air India and Standard Chartered partner to launch travel and wealth proposition for Global Indians
• Positive Sentiment: Electric-mobility financing: The bank is expanding financing for PT Energi Mobilitas Indonesia, the company behind Indonesian electric-motorcycle maker ALVA. The move supports Standard Chartered’s sustainable-finance strategy and could broaden corporate lending relationships. Standard Chartered Expands Financing for PT EMI, ALVA Electric Motorcycle Maker
• Neutral Sentiment: Regional leadership change: Ayodeji Adelagun has been confirmed as CEO of Standard Chartered Nigeria. The appointment provides management continuity in a key African market, but no immediate earnings impact was indicated. Standard Chartered confirms Adelagun as Nigeria CEO
• Neutral Sentiment: Macro commentary: Standard Chartered’s group chair said China will remain a key global growth engine, while the bank separately viewed expectations for Bank of Canada rate hikes as excessive. These comments offer market perspective but do not materially change the company’s earnings outlook. China to remain key global growth engine, says Standard Chartered group chair

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.