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

Key Points

• Standard Chartered's stock price rose above its 200-day moving average, reaching a high of GBX 1,386.50 ($18.73) before closing at GBX 1,368.63 ($18.49) on Friday.
• Analysts at JPMorgan Chase upgraded Standard Chartered's price target to GBX 1,490, while Shore Capital set a new target of GBX 1,355, reflecting a generally positive outlook.
• The company has a market cap of £31.67 billion and an average rating of "Hold" from analysts, with an average target price of GBX 1,266.25.

Standard Chartered PLC (LON:STAN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,199.66 ($16.20) and traded as high as GBX 1,386.50 ($18.73). Standard Chartered shares last traded at GBX 1,368.63 ($18.49), with a volume of 421,738,406 shares.

Analyst Upgrades and Downgrades

STAN has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Standard Chartered from GBX 1,390 to GBX 1,490 and gave the stock an "overweight" rating in a research report on Tuesday, August 5th. Shore Capital lifted their price target 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 equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Standard Chartered has an average rating of "Hold" and an average target price of GBX 1,266.25.

Standard Chartered Stock Performance

The stock has a fifty day simple moving average of GBX 1,337.43 and a 200-day simple moving average of GBX 1,199.66. The stock has a market cap of £31.67 billion, a P/E ratio of 752.41, a PEG ratio of 0.80 and a beta of 0.85.

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.

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