Standard Chartered (STAN)

Sector:

Banking

Index:

FTSE 100

671.40p
   
  • Change Today:
    -7.80p
  • 52 Week High: 758.80
  • 52 Week Low: 573.80
  • Currency: UK Pounds
  • Shares Issued: 2,614.69m
  • Volume: 6,496,049
  • Market Cap: £17,555m
  • RiskGrade: 172

Berenberg hikes target price on Standard Chartered

By Iain Gilbert

Date: Friday 29 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg hiked their target price on financial services company Standard Chartered from 640.0p to 750.0p on Friday, citing a "moment of clarity" for growth and returns.
Berenberg stated Standard Chartered's recent first-quarter results, and the 14% share price reaction that accompanied it, had transformed the company into the third-best performing bank in its coverage year-to-date.

"Standard Chartered's Q1 2022 pre-tax earnings exceeded consensus expectations by 38%. This reflected stronger revenues, which rose 9% year-on-year and exceeded consensus by 11% - partly due to strong financial market activity. The bank also achieved this performance without meaningfully higher costs relative to consensus," noted Berenberg.

While the German bank believes that the reaction partly reflects low expectations and Standard Chartered's "cheap" valuation prior to the results, it said the bank's revenue and cost outlook has also improved.

"Trading on 5.8x our FY 2023E EPS (which are 9% above consensus), we believe that Standard Chartered remains undervalued," said the analysts, who also stood by their 'buy' rating on the stock.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Standard Chartered Market Data

Currency UK Pounds
Share Price 671.40p
Change Today -7.80p
% Change -1.15 %
52 Week High 758.80
52 Week Low 573.80
Volume 6,496,049
Shares Issued 2,614.69m
Market Cap £17,555m
RiskGrade 172

Standard Chartered Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.29% above the market average89.29% above the market average89.29% above the market average89.29% above the market average89.29% above the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Price Trend
39.77% above the market average39.77% above the market average39.77% above the market average39.77% above the market average39.77% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Income
7.69% above the market average7.69% above the market average7.69% above the market average7.69% above the market average7.69% above the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Growth
33.24% above the market average33.24% above the market average33.24% above the market average33.24% above the market average33.24% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 8
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Standard Chartered Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Mar-24 10-Aug-23
Paid 17-May-24 13-Oct-23
Amount 21.00¢ 6.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
17:41 2,258 @ 676.32p
17:41 2,284 @ 678.41p
17:25 3,059 @ 676.20p
17:25 213 @ 677.98p
17:19 714 @ 678.54p

Standard Chartered Key Personnel

Chair José Viñals

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