Standard Chartered PLC (LON:STAN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,054.35 ($14.27) and traded as high as GBX 1,163 ($15.74). Standard Chartered shares last traded at GBX 1,152.01 ($15.59), with a volume of 6,783,560 shares trading hands.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on STAN. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 970 ($13.13) price objective on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup boosted their price objective on shares of Standard Chartered from GBX 1,170 ($15.83) to GBX 1,250 ($16.91) and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Finally, Shore Capital restated a "buy" rating on shares of Standard Chartered in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Standard Chartered currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,085 ($14.68).
Get Our Latest Stock Analysis on Standard Chartered
Standard Chartered Trading Down 1.4%
The business has a 50 day moving average of GBX 1,079.03 and a 200-day moving average of GBX 1,061.95. The stock has a market cap of £34.72 billion, a PE ratio of 10.35, a P/E/G ratio of 0.80 and a beta of 0.85.
Insider Activity
In related news, insider Bill Winters sold 41,190 shares of Standard Chartered stock in a transaction on Monday, March 10th. The shares were sold at an average price of GBX 12 ($0.16), for a total value of £4,942.80 ($6,688.50). Over the last three months, insiders sold 144,361 shares of company stock valued at $122,238,845. Insiders own 1.43% of the company's stock.
About Standard Chartered
(
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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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