Standard Chartered (LON:STAN) Earns “Neutral” Rating from Citigroup

Citigroup restated their neutral rating on shares of Standard Chartered (LON:STAN) in a report released on Monday, MarketBeat Ratings reports.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group reiterated a buy rating and set a GBX 1,300 ($16.65) price objective on shares of Standard Chartered in a research report on Thursday, April 18th. Barclays lifted their price target on Standard Chartered from GBX 750 ($9.61) to GBX 800 ($10.25) and gave the stock an equal weight rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of Standard Chartered in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of GBX 951.33 ($12.19).

Standard Chartered Stock Performance

LON STAN opened at GBX 721.40 ($9.24) on Monday. The business has a fifty day moving average price of GBX 748.02 and a 200 day moving average price of GBX 679.26. The company has a market cap of £18.40 billion, a P/E ratio of 819.77, a P/E/G ratio of 1.06 and a beta of 0.83. Standard Chartered has a one year low of GBX 571 ($7.31) and a one year high of GBX 796 ($10.20).

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.