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

Standard Chartered PLC (LON:STANGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 1,277.26 ($16.34) and last traded at GBX 1,274 ($16.30), with a volume of 165627109 shares changing hands. The stock had previously closed at GBX 1,271.46 ($16.27).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 970 ($12.41) price target on shares of Standard Chartered in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,038 ($13.28).

Check Out Our Latest Analysis on STAN

Standard Chartered Price Performance

The firm has a 50 day moving average price of GBX 1,086.03 and a 200-day moving average price of GBX 932.55. The firm has a market cap of £37.76 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.

Standard Chartered Company Profile

(Get Free Report)

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.

Further Reading

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