Standard Chartered (LON:STAN) Hits New 12-Month High – What’s Next?

Shares of Standard Chartered PLC (LON:STAN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,880 and last traded at GBX 1,872, with a volume of 16929008 shares. The stock had previously closed at GBX 1,862.

Analyst Ratings Changes

Several research analysts recently issued reports on STAN shares. JPMorgan Chase & Co. increased their price target on shares of Standard Chartered from GBX 1,770 to GBX 1,880 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Standard Chartered from GBX 1,700 to GBX 1,900 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Citigroup boosted their target price on Standard Chartered from GBX 1,675 to GBX 1,775 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Standard Chartered in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,727.50.

Standard Chartered Stock Up 1.5%

The company has a market cap of £42.74 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.80 and a beta of 0.85. The business has a fifty day simple moving average of GBX 1,775.18 and a two-hundred day simple moving average of GBX 1,557.13.

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. 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.