Standard Chartered PLC (LON:STAN - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,331.50 ($17.87) and last traded at GBX 1,315 ($17.65), with a volume of 10516198 shares changing hands. The stock had previously closed at GBX 1,305 ($17.51).
Wall Street Analyst Weigh In
Separately, Shore Capital reiterated a "buy" rating on shares of Standard Chartered in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 1,085 ($14.56).
Get Our Latest Report on Standard Chartered
Standard Chartered Stock Up 1.7%
The firm's 50 day simple moving average is GBX 1,181.35 and its 200 day simple moving average is GBX 1,121.05. The company has a market capitalization of £40.03 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.
Standard Chartered Company Profile
(
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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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