Standard Chartered PLC (LON:STAN) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Standard Chartered received a consensus “Moderate Buy” rating from six analysts: four buys, one hold, and one sell. The average 12-month price target is GBX 2,306.
• Recent analyst actions were generally positive, including JPMorgan raising its target to GBX 2,470 and Deutsche Bank maintaining a buy rating with a GBX 2,450 target; Citigroup retained a neutral view.
• Chief Group Executive Bill Winters bought 300,000 shares for approximately £6.66 million. The stock opened at GBX 2,280 and has a market capitalization of about £49.76 billion.

Standard Chartered PLC (LON:STAN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 2,306.

STAN has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Standard Chartered from GBX 2,330 to GBX 2,470 and gave the company an "overweight" rating in a report on Tuesday, September 8th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 2,250 target price on shares of Standard Chartered in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 2,450 price target on shares of Standard Chartered in a research report on Thursday, July 30th. Finally, Citigroup increased their price target on Standard Chartered from GBX 2,130 to GBX 2,230 and gave the company a "neutral" rating in a research note on Thursday, July 30th.

Insider Buying and Selling

In other news, Chief Group Executive Bill Winters bought 300,000 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of GBX 2,221 per share, with a total value of £6,663,000. 0.38% of the stock is owned by insiders.

Standard Chartered Stock Performance

Shares of LON STAN opened at GBX 2,280 on Friday. The firm has a 50 day moving average price of GBX 2,195.88 and a two-hundred day moving average price of GBX 1,958.04. The stock has a market cap of £49.76 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.80 and a beta of 0.59. Standard Chartered has a 52-week low of GBX 1,351.50 and a 52-week high of GBX 2,345.

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.

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