Standard Chartered (LON:STAN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Standard Chartered PLC (LON:STAN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,602.80 and traded as high as GBX 1,807. Standard Chartered shares last traded at GBX 1,802, with a volume of 5,402,929 shares.

Analyst Ratings Changes

STAN has been the subject of a number of recent research reports. Shore Capital Group reaffirmed a “hold” rating on shares of Standard Chartered in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Standard Chartered from GBX 1,700 to GBX 1,900 and gave the company a “hold” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised their price objective 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. Finally, Citigroup boosted their target price on shares of Standard Chartered from GBX 1,675 to GBX 1,775 and gave the stock a “neutral” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Standard Chartered presently has a consensus rating of “Hold” and an average target price of GBX 1,800.

Standard Chartered Stock Performance

The firm’s fifty day simple moving average is GBX 1,818.74 and its 200-day simple moving average is GBX 1,604.37. The stock has a market cap of £40.58 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.

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.