In a report released today, Raul Sinha from J.P. Morgan reiterated a Buy rating on Standard Chartered (SCBFF – Research Report). The company’s shares closed last Tuesday at $6.54.
Sinha has an average return of 2.0% when recommending Standard Chartered.
According to TipRanks.com, Sinha is ranked #1667 out of 7688 analysts.
Currently, the analyst consensus on Standard Chartered is a Moderate Buy with an average price target of $6.88.
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Standard Chartered’s market cap is currently $20.14B and has a P/E ratio of 16.90. The company has a Price to Book ratio of 0.43.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SCBFF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Standard Chartered Plc engages in the provision of banking and financial services. It operates through the following segments: Corporate and Institutional Banking, Retail Banking, Commercial Banking, Private Banking, and Central and Other Items. The Corporate and Institutional Banking segment supports clients with transaction banking, corporate finance, financial markets, and borrowing needs. The Retail Banking segment offers digital banking services, such as deposits, payments, financing products and wealth management, as well as supporting business banking needs. The Commercial Banking segment consists of international financial solutions in areas such as trade finance, cash management, financial markets, and corporate finance. The Private Banking segment comprises of suite of investment, credit, and wealth planning solutions. The company was founded on November 18, 1969 and is headquartered in London, the United Kingdom.
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