Standard Chartered (LON:STAN) Hits New 1-Year High - What's Next?

Key Points

• Standard Chartered PLC's stock has reached a new 52-week high of GBX 1,428.50 ($19.29) during recent trading, indicating strong market performance.
• Wall Street analysts have mixed ratings on the stock, with target prices ranging from GBX 1,270 ($17.15) to GBX 1,490 ($20.12), suggesting a cautious outlook overall.
• The company has a market capitalization of £42.41 billion and a PE ratio of 12.65, reflecting its position within the financial services industry.

Standard Chartered PLC (LON:STAN - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,428.50 ($19.36) and last traded at GBX 1,423.88 ($19.30), with a volume of 4920549 shares traded. The stock had previously closed at GBX 1,395 ($18.91).

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on STAN shares. JPMorgan Chase & Co. lifted their price target on shares of Standard Chartered from GBX 1,390 ($18.84) to GBX 1,490 ($20.20) and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. Shore Capital lifted their price target on shares of Standard Chartered from GBX 1,270 ($17.21) to GBX 1,355 ($18.37) and gave the stock a "hold" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Standard Chartered presently has a consensus rating of "Hold" and an average target price of GBX 1,233 ($16.71).

Standard Chartered Stock Performance

The stock has a market cap of £42.21 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The company has a 50-day simple moving average of GBX 1,277.33 and a two-hundred day simple moving average of GBX 1,172.25.

About Standard Chartered

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.