Standard Chartered PLC (LON:STAN - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 129.60 ($1.78) and last traded at GBX 1,173.20 ($16.10), with a volume of 8125860 shares trading hands. The stock had previously closed at GBX 1,178.50 ($16.17).
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Citigroup lifted their target price on Standard Chartered from GBX 1,170 ($16.06) to GBX 1,250 ($17.15) and gave the company a "neutral" rating in a research report on Thursday, March 6th. Shore Capital restated a "buy" rating on shares of Standard Chartered in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Standard Chartered currently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,085 ($14.89).
Read Our Latest Research Report on STAN
Standard Chartered Price Performance
The company has a market capitalization of £35.99 billion, a P/E ratio of 10.73, a PEG ratio of 0.80 and a beta of 0.85. The company has a fifty day moving average price of GBX 1,128.32 and a two-hundred day moving average price of GBX 1,096.07.
About Standard Chartered
(
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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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