Standard Chartered (LON:STAN) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Standard Chartered PLC (LON:STAN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,832.59 and traded as high as GBX 2,137. Standard Chartered shares last traded at GBX 2,135, with a volume of 529,261,500 shares trading hands.

Analyst Ratings Changes

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

Standard Chartered Stock Down 0.3%

The firm’s 50 day simple moving average is GBX 1,990.03 and its 200-day simple moving average is GBX 1,834.90. The company has a market capitalization of £46.30 billion, a PE ratio of 10.31, a P/E/G ratio of 0.80 and a beta of 0.60.

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.