Free Trial

Standard Chartered (LON:STAN) Shares Pass Above 200-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 ($15.08) and traded as high as GBX 1,250 ($16.99). Standard Chartered shares last traded at GBX 1,250 ($16.99), with a volume of 4,863,144 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a "buy" rating on shares of Standard Chartered in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Standard Chartered has an average rating of "Moderate Buy" and an average target price of GBX 1,085 ($14.75).

View Our Latest Research Report on Standard Chartered

Standard Chartered Stock Up 0.6%

The business has a 50 day simple moving average of GBX 1,155.80 and a 200 day simple moving average of GBX 1,109.06. The company has a market capitalization of £37.98 billion, a PE ratio of 11.33, a PEG ratio of 0.80 and a beta of 0.85.

About Standard Chartered

(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.

Further Reading

Should You Invest $1,000 in Standard Chartered Right Now?

Before you consider Standard Chartered, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Chartered wasn't on the list.

While Standard Chartered currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines