Standard Chartered (LON:STAN – Get Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 1,300 ($16.18) price objective on the financial services provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 94.96% from the stock’s previous close.
Several other research firms have also recently commented on STAN. Keefe, Bruyette & Woods raised Standard Chartered to a “market perform” rating and set a GBX 790 ($9.83) price target for the company in a report on Monday, February 12th. Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a report on Friday, February 23rd. JPMorgan Chase & Co. increased their price target on Standard Chartered from GBX 850 ($10.58) to GBX 900 ($11.20) and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Berenberg Bank raised their target price on Standard Chartered from GBX 1,000 ($12.45) to GBX 1,050 ($13.07) and gave the stock a “buy” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Standard Chartered has an average rating of “Moderate Buy” and an average price target of GBX 955.43 ($11.89).
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Standard Chartered Stock Performance
Insider Activity at Standard Chartered
In other Standard Chartered news, insider Bill Winters sold 24,101 shares of Standard Chartered stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of GBX 665 ($8.28), for a total transaction of £160,271.65 ($199,516.56). 0.31% of the stock is currently owned by company insiders.
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.
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