Standard Chartered (LON:STAN) Hits New 52-Week High – What’s Next?

Standard Chartered PLC (LON:STAN) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,664.54 and last traded at GBX 1,661, with a volume of 64015129 shares changing hands. The stock had previously closed at GBX 1,645.

Wall Street Analysts Forecast Growth

STAN has been the subject of several recent analyst reports. Shore Capital reaffirmed a “hold” rating on shares of Standard Chartered in a research report on Thursday, October 30th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Chartered in a report 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 MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 1,316.25.

Standard Chartered Price Performance

The business’s fifty day moving average price is GBX 1,503.98 and its 200-day moving average price is GBX 1,357.45. The stock has a market capitalization of £37.98 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.80 and a beta of 0.85.

About Standard Chartered

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.