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Standard Chartered (LON:STAN) Sets New 52-Week High - Here's Why

Standard Chartered logo with Financial Services background

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

(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.

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