Standard Chartered PLC (LON:STAN - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 127 ($1.73) and last traded at GBX 1,183.22 ($16.11), with a volume of 3318843 shares. The stock had previously closed at GBX 1,181.80 ($16.09).
Analysts Set New Price Targets
STAN has been the subject of several research analyst reports. Citigroup raised their price objective on shares of Standard Chartered from GBX 1,170 ($15.93) to GBX 1,250 ($17.02) and gave the stock a "neutral" rating in a report on Thursday, March 6th. Shore Capital restated a "buy" rating on shares of Standard Chartered in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 970 ($13.21) price objective on shares of Standard Chartered in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,085 ($14.77).
Check Out Our Latest Report on STAN
Standard Chartered Price Performance
The stock's 50 day simple moving average is GBX 1,083.51 and its two-hundred day simple moving average is GBX 1,080.22. The firm has a market cap of £34.74 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.80 and a beta of 0.85.
Insider Buying and Selling at Standard Chartered
In other Standard Chartered news, insider Bill Winters bought 33,453 shares of the firm's stock in a transaction on Friday, March 14th. The stock was acquired at an average price of GBX 1,158 ($15.77) per share, with a total value of £387,385.74 ($527,414.21). Insiders own 1.43% of the company's stock.
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.
Featured Stories
Before you consider Standard Chartered, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Chartered wasn't on the list.
While Standard Chartered currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
