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Standard Chartered (LON:STAN) Reaches New 12-Month High - Here's What Happened

Standard Chartered logo with Financial Services background

Standard Chartered PLC (LON:STAN - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 1,293 ($17.57) and last traded at GBX 1,287.50 ($17.49), with a volume of 112560539 shares changing hands. The stock had previously closed at GBX 1,258 ($17.09).

Analyst Ratings Changes

Separately, Shore Capital reissued a "buy" rating on shares of Standard Chartered in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,085 ($14.74).

View Our Latest Analysis on STAN

Standard Chartered Stock Performance

The company has a market cap of £38.93 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The company's 50 day moving average price is GBX 1,159.44 and its 200-day moving average price is GBX 1,110.09.

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.

Further Reading

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