Standard Chartered (LON:STAN) Insider Bill Winters Acquires 300,000 Shares

Standard Chartered PLC (LON:STAN) insider Bill Winters purchased 300,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost of GBX 2,221 per share, with a total value of £6,663,000.

Standard Chartered Stock Performance

Shares of LON STAN traded up GBX 26.50 during midday trading on Tuesday, hitting GBX 2,253.50. 377,204,750 shares of the company traded hands, compared to its average volume of 47,624,000. Standard Chartered PLC has a 12-month low of GBX 1,285 and a 12-month high of GBX 2,262. The stock has a 50-day moving average price of GBX 2,053.49 and a 200 day moving average price of GBX 1,864.30. The firm has a market cap of £49.00 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.80 and a beta of 0.60.

Wall Street Analyst Weigh In

STAN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,450 target price on shares of Standard Chartered in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on shares of Standard Chartered from GBX 2,270 to GBX 2,330 and gave the company an “overweight” rating in a report on Monday. UBS Group reissued a “buy” rating and issued a GBX 2,130 target price on shares of Standard Chartered in a report on Monday, May 18th. Citigroup increased their price objective on Standard Chartered from GBX 2,130 to GBX 2,230 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,250 target price on shares of Standard Chartered in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,278.

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.