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

Key Points

• Standard Chartered shares crossed above their 200-day moving average, reaching GBX 2,202 and last trading at GBX 2,154, compared with a 200-day average of GBX 1,895.39.
• Analysts maintain a generally positive view, with four Buy ratings, one Hold and one Sell; the consensus rating is Moderate Buy with a target price of GBX 2,278.
• Chief Group Executive Bill Winters purchased 300,000 shares for approximately £6.66 million, while the company trades at a price-to-earnings ratio of 10.19.

Shares of Standard Chartered PLC (LON:STAN - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,895.39 and traded as high as GBX 2,202. Standard Chartered shares last traded at GBX 2,154, with a volume of 951,418,125 shares trading hands.

Analyst Ratings Changes

STAN has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 2,450 price objective on shares of Standard Chartered in a research note on Thursday, July 30th. UBS Group reissued a "buy" rating and set a GBX 2,130 target price on shares of Standard Chartered in a report on Monday, May 18th. Jefferies Financial Group reissued a "buy" rating and set a GBX 2,250 target price on shares of Standard Chartered in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Standard Chartered from GBX 2,270 to GBX 2,330 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Finally, Citigroup raised their price target on shares of Standard Chartered from GBX 2,130 to GBX 2,230 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,278.

Standard Chartered Stock Down 2.1%

The company has a market cap of £47.15 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.80 and a beta of 0.60. The firm has a 50 day moving average price of GBX 2,117.11 and a two-hundred day moving average price of GBX 1,895.39.

Insider Activity at Standard Chartered

In related news, Chief Group Executive Bill Winters bought 300,000 shares of Standard Chartered stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of GBX 2,221 per share, for a total transaction of £6,663,000. 0.39% of the stock is currently owned by corporate insiders.

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. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.

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