Standard Chartered (LON:STAN) Stock Crosses Above 200 Day Moving Average - Here's Why

Standard Chartered PLC (LON:STAN - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,132.86 ($15.22) and traded as high as GBX 1,333 ($17.91). Standard Chartered shares last traded at GBX 1,327 ($17.83), with a volume of 6,613,290 shares traded.

Analyst Ratings Changes

Separately, Shore Capital restated a "buy" rating on shares of Standard Chartered in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Standard Chartered has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,085 ($14.58).

Standard Chartered Stock Up 0.1%

The firm has a market capitalization of £40.68 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 0.80 and a beta of 0.85. The business has a 50-day moving average of GBX 1,210.45 and a two-hundred day moving average of GBX 1,137.76.

Standard Chartered Company Profile

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.