J.P. Morgan Has Just Reaffirmed GBX 870 Target Price Per Share on Standating

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Standard Chartered (LON:STAN) Rating Reaffirmed

J.P. Morgan now has a GBX 870 Estimated Target Price on shares of Standard Chartered (LON:STAN). The Estimated Target Price indicates a potential upside of 65.27% from the closing share price of Standard Chartered (LON:STAN). This rating was disclosed to clients in a recent report on Monday, 7 December.

From a total of 22 analysts covering Standard Chartered PLC (LON:STAN) stock, 7 rate it a ”Buy”, 6 a “Sell”, and 12 a ”Hold”. This means that 28% of the ratings are positive. The highest target price is GBX 17.07 while the lowest target price is GBX 5.69. The mean of all analyst targets is GBX 11.43 with a 47.00% above today’s (GBX 525.4) stock price. Standard Chartered PLC was the topic of 79 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 4 with “Outperform” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and GBX 1018.42 target share price in a report from a November 27. JP Morgan maintained STAN stock in a recent report from December 2 with “Overweight” rating. Berenberg maintained the rating on November 25. Berenberg has a “Hold” rating and a GBX 950 price target on shares. Finally, Societe Generale maintained the stock with “Hold” rating in a report issued on a December 1.

Approximately 2.39M shares of stock traded hands. Standard Chartered PLC (LON:STAN) has declined 47.66% since May 8, 2015 and is downtrending. It has underperformed by 46.58% the S&P500.

J.P. Morgan Has Just Reaffirmed GBX 870 Target Price Per Share on Standard Chartered (LON:STAN) stock, While They’ve Also Reiterated Their

Standard Chartered PLC is an international banking group. The company has a market cap of 17.22 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It has 11.97 P/E ratio. The Bank’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.

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