Standard Chartered (LON:STAN) Sets New 12-Month High – Here’s What Happened

Standard Chartered PLC (LON:STAN) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 129.60 ($1.74) and last traded at GBX 1,173.20 ($15.75), with a volume of 8125860 shares changing hands. The stock had previously closed at GBX 1,178.50 ($15.82).

Wall Street Analyst Weigh In

STAN has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of Standard Chartered from GBX 1,170 ($15.71) to GBX 1,250 ($16.78) and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 970 ($13.02) price target on shares of Standard Chartered in a research report on Monday, February 24th. Finally, Shore Capital reissued a “buy” rating on shares of Standard Chartered in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,085 ($14.57).

Standard Chartered Stock Performance

The firm has a 50 day simple moving average of GBX 1,117.81 and a two-hundred day simple moving average of GBX 1,091.60. The stock has a market cap of £35.42 billion, a P/E ratio of 10.56, a P/E/G 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.