Standard Chartered (STAN) Upgraded at J P Morgan Chase & Co

J P Morgan Chase & Co upgraded shares of Standard Chartered (LON:STAN) to an overweight rating in a research note issued to investors on Tuesday. J P Morgan Chase & Co currently has GBX 900 ($12.11) price objective on the financial services provider’s stock, up from their prior price objective of GBX 800 ($10.77).

STAN has been the topic of several other reports. raised their price target on shares of Standard Chartered from GBX 620 ($8.34) to GBX 630 ($8.48) and gave the stock a reduce rating in a research report on Thursday, November 2nd. Deutsche Bank raised their price target on shares of Standard Chartered from GBX 668 ($8.99) to GBX 670 ($9.02) and gave the stock a sell rating in a research report on Wednesday, October 25th. restated a reduce rating and issued a GBX 620 ($8.34) price target on shares of Standard Chartered in a research report on Monday, September 18th. raised their price target on shares of Standard Chartered from GBX 620 ($8.34) to GBX 630 ($8.48) and gave the stock a reduce rating in a research report on Thursday, November 2nd. Finally, HSBC restated a reduce rating and issued a GBX 630 ($8.48) price target on shares of Standard Chartered in a research report on Wednesday, November 29th. Eight research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 721.82 ($9.71).

Shares of Standard Chartered (LON:STAN) opened at GBX 753.30 ($10.14) on Tuesday. Standard Chartered has a 12-month low of GBX 646.40 ($8.70) and a 12-month high of GBX 860 ($11.57).

In related news, insider Bill Winters sold 149,761 shares of Standard Chartered stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 725 ($9.76), for a total transaction of £1,085,767.25 ($1,461,328.73).

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Standard Chartered Company Profile

Standard Chartered PLC is an international banking company. The Banks’s segments include Corporate & Institutional Banking, Retail Banking, Commercial Banking and Private Banking. Its Corporate & Institutional Banking segment allows companies and financial institutions to operate and trade globally, and its Private Banking segment supports high net worth individuals with their banking needs across borders and offers access to global investment opportunities.

Analyst Recommendations for Standard Chartered (LON:STAN)

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