Standard Chartered (LON:STAN) Given New GBX 1,690 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for Standard Chartered from GBX 1,670 to GBX 1,690, indicating a potential upside of 22.60% from the current stock price.
• Shore Capital also increased their target price on Standard Chartered from GBX 1,270 to GBX 1,355, maintaining a "hold" rating on the stock.
• Standard Chartered's shares opened at GBX 1,378.50, with a twelve-month range between GBX 831.60 and GBX 1,514.50.

Standard Chartered (LON:STAN - Get Free Report) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from GBX 1,670 to GBX 1,690 in a research report issued on Monday,Digital Look reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 22.60% from the stock's current price.

Separately, Shore Capital upped their price objective on Standard Chartered from GBX 1,270 to GBX 1,355 and gave the stock a "hold" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of GBX 1,316.25.

Standard Chartered Stock Down 0.2%

Shares of STAN stock opened at GBX 1,378.50 on Monday. Standard Chartered has a twelve month low of GBX 831.60 and a twelve month high of GBX 1,514.50. The company has a market cap of £31.59 billion, a P/E ratio of 7.58, a P/E/G ratio of 0.80 and a beta of 0.85. The business has a fifty day simple moving average of GBX 1,415.13 and a 200 day simple moving average of GBX 1,253.20.

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.

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