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 analysts at Shore Capital in a research report issued on Thursday, MarketBeat reports.

A number of other equities analysts have also recently issued reports on the stock. Barclays restated an “equal weight” rating and issued a GBX 700 ($8.63) price objective on shares of Standard Chartered in a research report on Wednesday, April 20th. Morgan Stanley restated an “equal weight” rating on shares of Standard Chartered in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Standard Chartered from GBX 620 ($7.64) to GBX 800 ($9.86) and gave the company a “buy” rating in a research note on Friday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of Standard Chartered from GBX 610 ($7.52) to GBX 690 ($8.51) and gave the company an “overweight” rating in a research note on Wednesday, May 4th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 750 ($9.25) target price on shares of Standard Chartered in a research note on Friday, May 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 686 ($8.46).

STAN stock opened at GBX 589.20 ($7.26) on Thursday. The firm’s 50-day moving average price is GBX 522.23 and its two-hundred day moving average price is GBX 497.87. Standard Chartered has a 12-month low of GBX 406.20 ($5.01) and a 12-month high of GBX 599.60 ($7.39). The stock has a market capitalization of £17.59 billion and a price-to-earnings ratio of 11.69.

In related news, insider Bill Winters sold 13,271 shares of the business’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of GBX 483 ($5.95), for a total transaction of £64,098.93 ($79,017.42). Also, insider Andrew Nigel (Andy) Halford sold 14,120 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of GBX 492 ($6.07), for a total transaction of £69,470.40 ($85,639.05). Insiders have sold 47,008 shares of company stock worth $23,893,186 in the last three months.

About Standard Chartered (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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