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

Standard Chartered PLC (LON:STAN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,623.17 and traded as high as GBX 1,735. Standard Chartered shares last traded at GBX 1,735, with a volume of 77,768,289 shares.

Analysts Set New Price Targets

A number of research firms recently issued reports on STAN. Deutsche Bank Aktiengesellschaft raised 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 increased their price objective on Standard Chartered from GBX 1,675 to GBX 1,775 and gave the company a “neutral” rating in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Standard Chartered from GBX 1,880 to GBX 2,170 and gave the company an “overweight” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 1,800.

Standard Chartered Stock Up 1.0%

The company’s 50 day moving average is GBX 1,817.82 and its 200-day moving average is GBX 1,625.67. The firm has a market capitalization of £38.23 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 0.80 and a beta of 0.42.

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.