Standard Chartered PLC (LON:STAN) Given Average Recommendation of “Moderate Buy” by Brokerages

Standard Chartered PLC (LON:STAN) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,038 ($13.19).

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

Standard Chartered Stock Performance

LON:STAN opened at GBX 1,272.18 ($16.17) on Tuesday. Standard Chartered has a 52 week low of GBX 635.20 ($8.07) and a 52 week high of GBX 1,281 ($16.28). The stock’s 50 day moving average price is GBX 1,080.86 and its 200 day moving average price is GBX 928.66. The company has a market capitalization of £38.41 billion, a P/E ratio of 11.46, a P/E/G 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.