Standard Chartered (LON:STAN) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Standard Chartered PLC shares have crossed above their 200-day moving average, indicating a potential bullish trend, with recent trading at GBX 1,377.84 ($18.61).
• Analyst ratings show mixed sentiments, with three analysts giving the stock a Hold rating and one issuing a Buy, while price targets range from GBX 1,270 to GBX 1,490.
• The company has a market cap of £40.99 billion and a PE ratio of 12.22, signifying it as a significant player in the banking sector across multiple global markets.

Standard Chartered PLC (LON:STAN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,189.50 ($16.06) and traded as high as GBX 1,386.50 ($18.72). Standard Chartered shares last traded at GBX 1,377.84 ($18.61), with a volume of 3,615,904 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently commented on STAN shares. JPMorgan Chase & Co. upped their price target on shares of Standard Chartered from GBX 1,390 to GBX 1,490 and gave the company an "overweight" rating in a research note on Tuesday, August 5th. Shore Capital increased 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 research report on Thursday, July 31st. 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.com, Standard Chartered currently has an average rating of "Hold" and an average price target of GBX 1,266.25.

Standard Chartered Stock Up 0.8%

The stock has a market capitalization of £32.08 billion, a price-to-earnings ratio of 761.96, a P/E/G ratio of 0.80 and a beta of 0.85. The business's 50 day simple moving average is GBX 1,319.69 and its 200-day simple moving average is GBX 1,192.28.

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.