Standard Chartered (LON:STAN) Price Target Raised to GBX 1,670

Key Points

• JPMorgan Chase & Co. raised the price target for Standard Chartered from GBX 1,490 to GBX 1,670, suggesting a potential upside of 20.01%.
• Shore Capital also increased its target price to GBX 1,355, maintaining a "hold" rating on the stock amid mixed analyst reviews.
• Standard Chartered's stock has a market capitalization of £32.04 billion with a twelve-month high of GBX 1,433 and a low of GBX 747.80.

Standard Chartered (LON:STAN - Get Free Report) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 1,490 to GBX 1,670 in a report released on Tuesday, MarketBeat.com reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 16.42% from the company's previous close.

Separately, Shore Capital increased their target price on Standard Chartered from GBX 1,270 to GBX 1,355 and gave the stock a "hold" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Standard Chartered presently has a consensus rating of "Hold" and an average target price of GBX 1,311.25.

Standard Chartered Stock Performance

STAN stock traded up GBX 11 during midday trading on Tuesday, reaching GBX 1,434.50. The company's stock had a trading volume of 2,812,181 shares, compared to its average volume of 11,877,075. The stock has a fifty day simple moving average of GBX 1,358.80 and a two-hundred day simple moving average of GBX 1,207.88. Standard Chartered has a 1 year low of GBX 751.40 and a 1 year high of GBX 1,436.19. The firm has a market capitalization of £33.03 billion, a price-to-earnings ratio of 788.62, a PEG ratio of 0.80 and a beta of 0.85.

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.