Brokerages Set Standard Chartered PLC (LON:STAN) PT at GBX 1,038

Standard Chartered PLC (LON:STAN) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 1,038 ($13.19).

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 970 ($12.33) target price on shares of Standard Chartered in a research report on Monday, February 24th.

Standard Chartered Stock Performance

STAN opened at GBX 1,272.18 ($16.17) on Tuesday. The business’s 50-day simple moving average is GBX 1,080.86 and its 200-day simple moving average is GBX 928.66. Standard Chartered has a one year low of GBX 635.20 ($8.07) and a one year high of GBX 1,281 ($16.28). The stock has a market capitalization of £38.41 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.

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.