Standard Chartered (LON:STAN) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Standard Chartered's stock price recently crossed above its 200-day moving average, with the latest trading price at GBX 1,428 ($19.20).
• Brokerages have mixed views on the stock, with JPMorgan raising its target price from GBX 1,490 to GBX 1,670, while Shore Capital increased it from GBX 1,270 to GBX 1,355.
• The firm has a market capitalization of £32.73 billion and currently holds an average rating of "Hold" among analysts.

Shares of Standard Chartered PLC (LON:STAN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,249.39 ($16.80) and traded as high as GBX 1,443.50 ($19.40). Standard Chartered shares last traded at GBX 1,428 ($19.20), with a volume of 3,665,164 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STAN. Shore Capital lifted their target price on shares of Standard Chartered from GBX 1,270 to GBX 1,355 and gave the stock a "hold" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on Standard Chartered from GBX 1,490 to GBX 1,670 and gave the company an "overweight" rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Standard Chartered presently has an average rating of "Hold" and a consensus target price of GBX 1,311.25.

Standard Chartered Stock Down 0.6%

The firm has a market capitalization of £32.73 billion, a P/E ratio of 785.05, a PEG ratio of 0.80 and a beta of 0.85. The firm has a 50 day moving average of GBX 1,415.25 and a 200-day moving average of GBX 1,249.39.

About Standard Chartered

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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