Standard Chartered (LON:STAN) Stock Rating Upgraded by JPMorgan Chase & Co.

Standard Chartered (LON:STAN) was upgraded by JPMorgan Chase & Co. to an “overweight” rating in a report released on Tuesday,Digital Look reports. The brokerage currently has a GBX 2,270 price target on the financial services provider’s stock, up from their previous price target of GBX 2,220. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 7.99% from the stock’s current price.

STAN has been the subject of several other research reports. Shore Capital Group upgraded Standard Chartered to a “sell” rating in a report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,250 price objective on shares of Standard Chartered in a report on Thursday, April 30th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 2,130 target price on shares of Standard Chartered in a research note on Monday, May 18th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 1,946.67.

Standard Chartered Stock Up 1.1%

Shares of Standard Chartered stock opened at GBX 2,102 on Tuesday. Standard Chartered has a 52 week low of GBX 1,285 and a 52 week high of GBX 2,160. The business has a 50 day moving average price of GBX 2,003.39 and a 200-day moving average price of GBX 1,841.03. The company has a market cap of £45.71 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60.

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.