Standard Chartered (LON:STAN) Reaches New 1-Year High – Should You Buy?

Standard Chartered PLC (LON:STAN)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,811.80 and last traded at GBX 1,806.50, with a volume of 27935025 shares changing hands. The stock had previously closed at GBX 1,794.50.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Standard Chartered from GBX 1,770 to GBX 1,880 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Shore Capital reaffirmed a “hold” rating on shares of Standard Chartered in a research note on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Standard Chartered currently has an average rating of “Hold” and a consensus target price of GBX 1,363.75.

Standard Chartered Price Performance

The firm has a market capitalization of £41.05 billion, a P/E ratio of 9.53, a PEG ratio of 0.80 and a beta of 0.85. The company has a fifty day moving average of GBX 1,613.24 and a 200 day moving average of GBX 1,436.69.

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.