Standard Chartered (LON:STAN) Sets New 1-Year High - Time to Buy?

Standard Chartered PLC (LON:STAN - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 124.25 ($1.67) and last traded at GBX 1,156.36 ($15.56), with a volume of 6383770 shares. The stock had previously closed at GBX 1,149.88 ($15.47).

Analyst Ratings Changes

STAN has been the topic of several research analyst reports. Shore Capital restated a "buy" rating on shares of Standard Chartered in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 970 ($13.05) price target on shares of Standard Chartered in a research note on Monday, February 24th. Finally, Citigroup increased their price target on shares of Standard Chartered from GBX 1,170 ($15.74) to GBX 1,250 ($16.82) and gave the company a "neutral" rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Standard Chartered has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,085 ($14.60).

Standard Chartered Price Performance

The company has a 50-day simple moving average of GBX 1,076.41 and a two-hundred day simple moving average of GBX 1,068.07. The stock has a market capitalization of £34.96 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.

Insider Activity

In related news, insider Bill Winters purchased 33,453 shares of Standard Chartered stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of GBX 1,158 ($15.58) per share, with a total value of £387,385.74 ($521,240.23). In the last quarter, insiders sold 144,361 shares of company stock worth $122,238,845. Corporate insiders own 1.43% of the company's stock.

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.