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

Key Points

• Technical breach: Standard Chartered shares fell below their 200‑day moving average (200‑day MA GBX 1,659.35), trading as low as GBX 1,559 and last at GBX 1,571.
• Analyst sentiment: Several brokers raised price targets (Deutsche Bank to GBX 1,900; JPMorgan to GBX 2,170; Citi to GBX 1,775), but the consensus is a Hold with an average target of GBX 1,800.
• Insider activity: CEO Bill Winters bought 86,027 shares at GBX 1,507 on March 19, while another insider sold 10,907 shares; insiders own about 0.38% of the stock.

Standard Chartered PLC (LON:STAN - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,659.35 and traded as low as GBX 1,559. Standard Chartered shares last traded at GBX 1,571, with a volume of 1,247,866,625 shares changing hands.

Analyst Upgrades and Downgrades

STAN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Standard Chartered from GBX 1,700 to GBX 1,900 and gave the company a "hold" rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. increased their price objective on Standard Chartered from GBX 1,880 to GBX 2,170 and gave the company an "overweight" rating in a research note on Thursday, February 5th. Finally, Citigroup raised their price target on Standard Chartered from GBX 1,675 to GBX 1,775 and gave the stock a "neutral" rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of GBX 1,800.

Standard Chartered Trading Up 0.1%

The business has a 50 day simple moving average of GBX 1,706.60 and a 200-day simple moving average of GBX 1,659.35. The stock has a market capitalization of £35.87 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39.

Insider Transactions at Standard Chartered

In other Standard Chartered news, insider Bill Winters purchased 86,027 shares of the firm's stock in a transaction on Thursday, March 19th. The shares were purchased at an average cost of GBX 1,507 per share, with a total value of £1,296,426.89. Also, insider Peter Burrill sold 10,907 shares of the firm's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of GBX 1,554, for a total value of £169,494.78. 0.38% of the stock is currently owned by company insiders.

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. 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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