Standard Chartered PLC (LON:STAN) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Standard Chartered has a “Moderate Buy” consensus rating from six analysts: four buys, one hold and one sell. The average 12-month price target is GBX 2,278.
• Analyst targets range from GBX 2,130 at UBS to GBX 2,450 at Deutsche Bank, while JPMorgan raised its target to GBX 2,330 and maintained an overweight rating.
• Chief Group Executive Bill Winters purchased 300,000 shares for approximately £6.66 million. The stock opened at GBX 2,136, with a market capitalization of about £46.76 billion.

Standard Chartered PLC (LON:STAN - Get Free Report) has received an average rating of "Moderate Buy" from the six research firms that are covering the company, Marketbeat reports. One 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 1-year target price among brokers that have issued a report on the stock in the last year is GBX 2,278.

A number of equities research analysts have issued reports on the company. Shore Capital Group raised Standard Chartered to a "sell" rating in a research note on Friday, May 1st. UBS Group reissued a "buy" rating and set a GBX 2,130 target price on shares of Standard Chartered in a research report on Monday, May 18th. JPMorgan Chase & Co. increased their price target on Standard Chartered from GBX 2,270 to GBX 2,330 and gave the company an "overweight" rating in a report on Monday, August 3rd. Citigroup raised their price target on Standard Chartered from GBX 2,130 to GBX 2,230 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 2,450 price objective on shares of Standard Chartered in a research note on Thursday, July 30th.

Insider Activity

In other news, Chief Group Executive Bill Winters purchased 300,000 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of GBX 2,221 per share, with a total value of £6,663,000. Company insiders own 0.39% of the company's stock.

Standard Chartered Trading Down 0.2%

STAN opened at GBX 2,136 on Wednesday. The firm has a market cap of £46.76 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.80 and a beta of 0.60. Standard Chartered has a 12 month low of GBX 1,351.50 and a 12 month high of GBX 2,262. The stock has a 50-day moving average of GBX 2,135.42 and a 200 day moving average of GBX 1,903.51.

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.

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