Jefferies Remains a Buy on Standard Chartered (SCBFF)

In a report released today, Joseph Dickerson from Jefferies maintained a Buy rating on Standard Chartered (SCBFF – Research Report), with a price target of p1,300.00. The company’s shares closed yesterday at $7.90.

According to TipRanks, Dickerson is ranked #2509 out of 8707 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Standard Chartered with a $12.01 average price target, implying a 52.03% upside from current levels. In a report released yesterday, UBS also maintained a Buy rating on the stock with a £8.10 price target.

SCBFF market cap is currently $20.61B and has a P/E ratio of 7.27.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SCBFF in relation to earlier this year.

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Standard Chartered (SCBFF) Company Description:

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.