Standard Chartered (LON:STAN) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Standard Chartered PLC's share price has crossed above its 200-day moving average, indicating potential bullish momentum, with the stock trading at GBX 1,436.39 ($19.31).
• Analysts have mixed ratings for Standard Chartered, with JPMorgan lifting their price target to GBX 1,670 and a current average consensus of "Hold" with a price target of GBX 1,311.25.
• The company has a market capitalization of £33.30 billion and operates in several financial segments including Corporate and Consumer banking across various global regions.

Standard Chartered PLC (LON:STAN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,226.83 ($16.50) and traded as high as GBX 1,446 ($19.44). Standard Chartered shares last traded at GBX 1,436.39 ($19.31), with a volume of 6,276,300 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have commented on STAN shares. JPMorgan Chase & Co. lifted their price objective on shares of Standard Chartered from GBX 1,490 to GBX 1,670 and gave the stock an "overweight" rating in a research report on Tuesday, September 9th. Shore Capital lifted their target price on shares of Standard Chartered from GBX 1,270 to GBX 1,355 and gave the stock a "hold" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 1,311.25.

Standard Chartered Trading Up 0.7%

The stock has a market cap of £33.30 billion, a P/E ratio of 794.94, a PEG ratio of 0.80 and a beta of 0.85. The firm has a 50-day simple moving average of GBX 1,392.78 and a two-hundred day simple moving average of GBX 1,226.83.

About Standard Chartered

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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