Standard Chartered (LON:STAN) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Standard Chartered's share price recently crossed above its 200-day moving average, trading at GBX 1,424.69 ($19.45) with a volume of almost 3 million shares.
• Analyst ratings show a mixed sentiment, with one "Buy" rating, three "Hold" ratings, and recent price targets ranging from GBX 1,270 to GBX 1,670.
• The company's market capitalization stands at £32.81 billion, with a PE ratio of 783.22 and a price-to-earnings-growth ratio of 0.80.

Standard Chartered PLC (LON:STAN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,210.32 ($16.30) and traded as high as GBX 1,449 ($19.52). Standard Chartered shares last traded at GBX 1,424.69 ($19.19), with a volume of 2,953,345 shares.

Wall Street Analysts Forecast Growth

STAN has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Standard Chartered from GBX 1,490 to GBX 1,670 and gave the company an "overweight" rating in a report on Tuesday, September 9th. Shore Capital increased their price objective on Standard Chartered from GBX 1,270 to GBX 1,355 and gave the company a "hold" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Standard Chartered presently has a consensus rating of "Hold" and an average target price of GBX 1,311.25.

Standard Chartered Price Performance

The firm's 50 day moving average is GBX 1,375.55 and its 200 day moving average is GBX 1,213.72. The company has a market capitalization of £32.98 billion, a PE ratio of 787.25, a P/E/G ratio of 0.80 and a beta of 0.85.

Standard Chartered Company Profile

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.