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

Standard Chartered PLC (LON:STAN) crossed 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 Upgrades and Downgrades

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

Standard Chartered Stock Performance

The business has a 50-day moving average of GBX 1,881.49 and a 200-day moving average of GBX 1,789.42. The stock has a market capitalization of £44.68 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 0.80 and a beta of 0.61.

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.