Standard Chartered PLC (LON:STAN - Get Free Report) crossed 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 traded.
Analysts Set New Price Targets
Separately, Shore Capital reissued a "buy" rating on shares of Standard Chartered in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,085 ($14.74).
Get Our Latest Research Report on Standard Chartered
Standard Chartered Trading Up 2.5%
The business has a fifty day simple moving average of GBX 1,159.44 and a two-hundred day simple moving average of GBX 1,110.09. The company has a market cap of £38.93 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.
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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