JPMorgan Raises Standard Chartered Price Target to £2,470

Standard Chartered's price target has been raised by JPMorgan Chase & Co. from GBX 2,330 to GBX 2,470, representing a potential upside of 9.78% from its current price. This new target was set in a research report issued on Tuesday.

The firm currently has an 'overweight' rating on Standard Chartered's stock and is one of four investment analysts who have given the company a 'Buy' rating.

This comes as a number of other reports have been released, including from Deutsche Bank Aktiengesellschaft, UBS Group, Jefferies Financial Group, and Citigroup. These firms have also set their own price targets for Standard Chartered, ranging from GBX 2,130 to GBX 2,450.

Standard Chartered has a market cap of £49.11 billion and a PE ratio of 10.64. The company's stock has a fifty day moving average price of GBX 2,161.68 and a 200 day moving average price of GBX 1,929.01.