Standard Chartered (LON:STAN) Reaches New 1-Year High at $110.35

Standard Chartered PLC (LON:STAN) shares hit a new 52-week high on Monday . The stock traded as high as GBX 110.35 ($1.40) and last traded at GBX 730.72 ($9.24), with a volume of 3134979 shares trading hands. The stock had previously closed at GBX 716 ($9.06).

Analysts Set New Price Targets

A number of equities analysts recently commented on STAN shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,300 ($16.44) price target on shares of Standard Chartered in a research note on Thursday, April 18th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Chartered in a report on Thursday, May 2nd. Finally, Barclays boosted their price objective on Standard Chartered from GBX 750 ($9.49) to GBX 800 ($10.12) and gave the company an “equal weight” rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 951.33 ($12.03).

Standard Chartered Price Performance

The firm’s fifty day simple moving average is GBX 743.60 and its 200 day simple moving average is GBX 676.57. The company has a market capitalization of £18.42 billion, a PE ratio of 809.77, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83.

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.