Standard Chartered PLC (LON:STAN) Insider Sells £4,942.80 in Stock

Standard Chartered PLC (LON:STAN) insider Bill Winters sold 41,190 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 12 ($0.16), for a total value of £4,942.80 ($6,393.48).

Standard Chartered Price Performance

Shares of LON STAN opened at GBX 1,176.50 ($15.22) on Friday. The stock has a fifty day moving average price of GBX 1,118.26 and a 200 day moving average price of GBX 956.32. Standard Chartered PLC has a 1-year low of GBX 635.20 ($8.22) and a 1-year high of GBX 1,281 ($16.57). The company has a market cap of £35.52 billion, a PE ratio of 10.59, a P/E/G ratio of 0.80 and a beta of 0.85.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STAN. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 970 ($12.55) price objective on shares of Standard Chartered in a report on Monday, February 24th. Citigroup increased their price objective on Standard Chartered from GBX 1,170 ($15.13) to GBX 1,250 ($16.17) and gave the company a “neutral” rating in a report on Thursday, March 6th. Three analysts have rated the stock with a hold rating and three have given 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 1,073.33 ($13.88).

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.