Shares of Standard Chartered PLC (LON:STAN - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 125 ($1.70) and last traded at GBX 1,143.36 ($15.53), with a volume of 3997201 shares. The stock had previously closed at GBX 1,158 ($15.73).
Analyst Upgrades and Downgrades
STAN has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 970 ($13.17) price objective on shares of Standard Chartered in a report on Monday, February 24th. Citigroup raised their target price on shares of Standard Chartered from GBX 1,170 ($15.89) to GBX 1,250 ($16.97) and gave the company a "neutral" rating in a research note on Thursday, March 6th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Standard Chartered in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 1,085 ($14.73).
Read Our Latest Stock Analysis on STAN
Standard Chartered Trading Up 2.5%
The firm's 50-day moving average price is GBX 1,075.35 and its 200-day moving average price is GBX 1,073.82. The stock has a market capitalization of £35.68 billion, a PE ratio of 10.64, a PEG ratio of 0.80 and a beta of 0.85.
Insider Buying and Selling at Standard Chartered
In other news, insider Bill Winters bought 33,453 shares of the stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of GBX 1,158 ($15.73) per share, for a total transaction of £387,385.74 ($526,053.42). Insiders have sold a total of 144,361 shares of company stock worth $122,238,845 over the last ninety days. Company insiders own 1.43% of the company's stock.
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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