Shares of Standard Chartered PLC (LON:STAN - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,393.50 ($18.61) and last traded at GBX 1,383.50 ($18.48), with a volume of 128916836 shares. The stock had previously closed at GBX 1,371.50 ($18.32).
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Standard Chartered from GBX 1,390 ($18.57) to GBX 1,490 ($19.90) and gave the stock an "overweight" rating in a report on Tuesday. Shore Capital raised their target price on Standard Chartered from GBX 1,270 ($16.97) to GBX 1,355 ($18.10) and gave the stock a "hold" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 1,233 ($16.47).
Read Our Latest Research Report on STAN
Standard Chartered Stock Up 0.1%
The company has a market cap of £41.46 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The firm's 50-day moving average price is GBX 1,238.76 and its 200-day moving average price is GBX 1,154.40.
Standard Chartered Company Profile
(
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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