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Standard Chartered (LON:STAN) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Standard Chartered logo with Financial Services background

Shares of Standard Chartered PLC (LON:STAN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,109.06 ($15.07) and traded as high as GBX 1,250 ($16.98). Standard Chartered shares last traded at GBX 1,250 ($16.98), with a volume of 4,863,144 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated 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, Standard Chartered presently has an average rating of "Moderate Buy" and an average target price of GBX 1,085 ($14.74).

Read Our Latest Stock Report on STAN

Standard Chartered Price Performance

The stock has a market capitalization of £38.71 billion, a PE ratio of 11.54, a P/E/G ratio of 0.80 and a beta of 0.85. The stock has a 50 day moving average of GBX 1,163.28 and a two-hundred day moving average of GBX 1,112.21.

Standard Chartered Company Profile

(Get Free Report)

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.

See Also

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