Standard Chartered PLC (LON:STAN) Receives GBX 1,038 Consensus Target Price from Analysts

Standard Chartered PLC (LON:STAN) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,038 ($13.08).

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 970 ($12.23) target price on shares of Standard Chartered in a research note on Monday.

Standard Chartered Stock Performance

Shares of LON:STAN opened at GBX 1,247.68 ($15.73) on Tuesday. The firm has a market cap of £37.67 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The firm’s 50 day simple moving average is GBX 1,069.04 and its 200-day simple moving average is GBX 918.83. Standard Chartered has a one year low of GBX 635.20 ($8.01) and a one year high of GBX 1,264.50 ($15.94).

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.