Standard Chartered (LON:STAN) Stock Price Crosses Above 200 Day Moving Average of $585.58

Standard Chartered PLC (LON:STANGet Rating) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 585.58 ($6.92) and traded as high as GBX 590.40 ($6.98). Standard Chartered shares last traded at GBX 585.60 ($6.92), with a volume of 2,853,277 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 900 ($10.64) price target on shares of Standard Chartered in a report on Thursday, October 27th. Berenberg Bank restated a “buy” rating and set a GBX 750 ($8.87) price target on shares of Standard Chartered in a report on Thursday, October 27th. UBS Group set a GBX 855 ($10.11) target price on Standard Chartered in a report on Wednesday, October 26th. Shore Capital reiterated a “buy” rating on shares of Standard Chartered in a report on Wednesday, October 26th. Finally, Barclays reiterated an “equal weight” rating and issued a GBX 800 ($9.46) target price on shares of Standard Chartered in a report on Thursday, October 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Standard Chartered has an average rating of “Moderate Buy” and an average price target of GBX 815 ($9.64).

Standard Chartered Trading Up 0.5 %

The stock has a 50-day simple moving average of GBX 566.19 and a two-hundred day simple moving average of GBX 585.59. The firm has a market capitalization of £17.08 billion and a P/E ratio of 892.12.

About Standard Chartered

(Get Rating)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.

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