2 August, 2025
shore-capital-raises-standard-chartered-price-target-to-gbx-1-355

Analysts at Shore Capital have increased the target price for Standard Chartered PLC (LON:STAN) from GBX 1,270 ($16.86) to GBX 1,355 ($17.99), as stated in a research report released on March 14, 2024. This adjustment indicates a potential upside of approximately 0.83% from the stock’s current trading price. Shore Capital maintains a “hold” rating on the financial services provider’s shares.

Current Market Performance

On Thursday, shares of Standard Chartered opened at GBX 1,343.81 ($17.84), reflecting a decline of 1.2% during the trading session. The stock’s performance has shown volatility, with a 50-day moving average of GBX 1,229.94 and a 200-day moving average of GBX 1,149.37. Standard Chartered currently holds a market capitalization of £40.58 billion. The company has a price-to-earnings (P/E) ratio of 12.10 and a P/E to growth (P/E/G) ratio of 0.80, along with a beta of 0.85, indicating lower volatility compared to the overall market.

Over the past year, Standard Chartered has experienced a significant price range, with a low of GBX 664.80 ($8.82) and a high of GBX 1,393 ($18.49). These figures underscore the stock’s potential for growth and the uncertainties within the financial sector.

Company Overview

Standard Chartered PLC, headquartered in London, operates across multiple regions, including Asia, Africa, the Middle East, Europe, and the Americas. The firm offers a diverse range of banking products and services through three main segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures. This broad operational scope allows Standard Chartered to cater to a wide array of clients and adapt to varying market conditions.

The recent price target increase by Shore Capital may reflect confidence in the bank’s strategic direction and its ability to navigate the complexities of the global financial landscape. Investors will be watching closely as the company continues to report on its performance in the upcoming quarters.