Standard Chartered PLC (LON:STAN – Get Free Report)’s share price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 2,179.59 and traded as high as GBX 2,247. Standard Chartered shares last traded at GBX 2,219, with a volume of 5,658,046 shares.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 2,450 target price on shares of Standard Chartered in a report on Thursday, October 29th. Citigroup lifted their price target on Standard Chartered from GBX 2,230 to GBX 2,370 and gave the stock a “neutral” rating in a report on Wednesday, September 23rd. JPMorgan Chase & Co. boosted their price target on Standard Chartered from GBX 2,330 to GBX 2,470 and gave the stock an “overweight” rating in a research report on Tuesday, September 8th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,040 price objective on shares of Standard Chartered in a research note on Thursday, October 15th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Standard Chartered has an average rating of “Moderate Buy” and a consensus target price of GBX 2,492.
Read Our Latest Analysis on STAN
Standard Chartered Stock Performance
The company has a market capitalization of £48.01 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 0.80 and a beta of 0.56. The firm has a fifty day moving average price of GBX 2,179.59 and a 200-day moving average price of GBX 1,977.84.
Standard Chartered Company Profile
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.
Read More
- Five stocks we like better than Standard Chartered
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.
