Standard Chartered (LON:STAN) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Standard Chartered PLC (LON:STAN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,789.42 and traded as high as GBX 2,060. Standard Chartered shares last traded at GBX 2,044, with a volume of 10,447,715 shares.

Analyst Ratings Changes

Several research firms recently weighed in on STAN. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,250 target price on shares of Standard Chartered in a report on Thursday, April 30th. Shore Capital Group upgraded Standard Chartered to a “sell” rating in a research note on Friday, May 1st. UBS Group restated a “buy” rating and set a GBX 2,130 price target on shares of Standard Chartered in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Standard Chartered from GBX 2,200 to GBX 2,220 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 1,938.33.

Standard Chartered Stock Down 0.7%

The firm has a market cap of £44.68 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.80 and a beta of 0.61. The company’s 50-day moving average price is GBX 1,881.49 and its 200-day moving average price is GBX 1,789.42.

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. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.