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

Standard Chartered PLC (LON:STAN) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,038 ($13.10).

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 970 ($12.24) price objective on shares of Standard Chartered in a research report on Monday.

Standard Chartered Stock Up 2.1 %

Shares of STAN stock traded up GBX 24.50 ($0.31) on Tuesday, reaching GBX 1,201 ($15.16). The company’s stock had a trading volume of 9,683,566 shares, compared to its average volume of 20,016,365. The stock’s 50 day simple moving average is GBX 1,054.61 and its 200-day simple moving average is GBX 910.83. Standard Chartered has a 12-month low of GBX 633 ($7.99) and a 12-month high of GBX 1,211 ($15.28). The company has a market capitalization of £36.26 billion, a P/E ratio of 10.81, a PEG 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.