Standard Chartered PLC (LON:STAN - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 129.60 ($1.74) and last traded at GBX 1,173.20 ($15.75), with a volume of 8125860 shares traded. The stock had previously closed at GBX 1,178.50 ($15.82).
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on STAN. Citigroup raised their price target on Standard Chartered from GBX 1,170 ($15.71) to GBX 1,250 ($16.78) and gave the stock a "neutral" rating in a research note on Thursday, March 6th. Shore Capital reissued a "buy" rating on shares of Standard Chartered in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 970 ($13.02) target price on shares of Standard Chartered in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,085 ($14.57).
View Our Latest Research Report on Standard Chartered
Standard Chartered Stock Performance
The company has a market capitalization of £35.42 billion, a PE ratio of 10.56, a P/E/G ratio of 0.80 and a beta of 0.85. The firm has a fifty day simple moving average of GBX 1,117.81 and a 200-day simple moving average of GBX 1,091.60.
Standard Chartered Company Profile
(
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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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