Standard Chartered (LON:STAN) Stock Rating Reaffirmed by Shore Capital

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Standard Chartered (LON:STANGet Rating)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital in a report issued on Friday, MarketBeat reports.

Several other research firms also recently weighed in on STAN. Berenberg Bank reissued a “buy” rating and issued a GBX 750 ($9.04) target price on shares of Standard Chartered in a report on Tuesday, June 14th. Morgan Stanley restated an “equal weight” rating on shares of Standard Chartered in a research report on Wednesday, May 11th. Barclays restated an “equal weight” rating and issued a GBX 780 ($9.40) price target on shares of Standard Chartered in a research report on Thursday, July 14th. JPMorgan Chase & Co. boosted their price target on Standard Chartered from GBX 690 ($8.31) to GBX 730 ($8.80) and gave the company an “overweight” rating in a research report on Thursday, May 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Standard Chartered from GBX 620 ($7.47) to GBX 800 ($9.64) and gave the company a “buy” rating in a research report on Friday, April 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 710 ($8.55).

Standard Chartered Stock Performance

Standard Chartered stock opened at GBX 564.20 ($6.80) on Friday. Standard Chartered has a fifty-two week low of GBX 406.20 ($4.89) and a fifty-two week high of GBX 641 ($7.72). The company has a market capitalization of £16.74 billion and a P/E ratio of 1,085.00. The stock has a 50-day simple moving average of GBX 598.70 and a 200-day simple moving average of GBX 552.68.

Insiders Place Their Bets

In other news, insider Shirish Moreshwar Apte purchased 2,000 shares of the stock in a transaction that occurred on Monday, May 30th. The shares were acquired at an average price of GBX 630 ($7.59) per share, for a total transaction of £12,600 ($15,180.72). In other news, insider Shirish Moreshwar Apte purchased 2,000 shares of the stock in a transaction that occurred on Monday, May 30th. The shares were acquired at an average price of GBX 630 ($7.59) per share, for a total transaction of £12,600 ($15,180.72). Also, insider Andrew Nigel (Andy) Halford sold 10,400 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of GBX 562 ($6.77), for a total value of £58,448 ($70,419.28).

Standard Chartered Company Profile

(Get Rating)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.

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