Shares of Standard Chartered PLC (LON:STAN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 2,034.29 and traded as high as GBX 2,215. Standard Chartered shares last traded at GBX 2,165, with a volume of 3,446,984 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts recently commented on STAN shares. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 2,250 target price on shares of Standard Chartered in a research report on Wednesday, July 29th. Citigroup upped their price target on shares of Standard Chartered from GBX 2,230 to GBX 2,370 and gave the company a "neutral" rating in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. upped their price target on shares of Standard Chartered from GBX 2,330 to GBX 2,470 and gave the company an "overweight" rating in a research report on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 2,450 price objective on shares of Standard Chartered in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,334.
Check Out Our Latest Research Report on STAN
Standard Chartered Price Performance
The stock has a market capitalization of £47.11 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.80 and a beta of 0.59. The firm's 50 day moving average price is GBX 2,226.58 and its 200 day moving average price is GBX 2,034.29.
Insider Buying and Selling
In related news, Chief Group Executive Bill Winters purchased 300,000 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of GBX 2,221 per share, for a total transaction of £6,663,000. 0.38% of the stock is owned by insiders.
About Standard Chartered
(
Get Free Report)
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.
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