Standard Chartered (LON:STAN) Hits New 12-Month High - Should You Buy?

Key Points

• Standard Chartered PLC's stock reached a new 52-week high at GBX 1,469.50, closing at GBX 1,464.04, with significant trading volume of over 34 million shares.
• Analysts have a mixed outlook, with JPMorgan raising their target price to GBX 1,670 and maintaining an "overweight" rating, while Shore Capital set a lower target of GBX 1,355 with a "hold" rating.
• The company's market cap stands at £33.78 billion, with a PE ratio of 806.49, highlighting notable financial metrics amidst its recent stock performance.

Standard Chartered PLC (LON:STAN - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 1,469.50 ($19.76) and last traded at GBX 1,464.04 ($19.69), with a volume of 34491570 shares traded. The stock had previously closed at GBX 1,435.50 ($19.30).

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STAN. Shore Capital upped their target price on shares of Standard Chartered from GBX 1,270 to GBX 1,355 and gave the stock a "hold" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on shares of Standard Chartered from GBX 1,490 to GBX 1,670 and gave the stock an "overweight" rating in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of GBX 1,311.25.

Standard Chartered Stock Performance

The business's fifty day moving average price is GBX 1,392.78 and its 200-day moving average price is GBX 1,226.83. The stock has a market cap of £33.78 billion, a PE ratio of 806.49, a P/E/G ratio of 0.80 and a beta of 0.85.

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.

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