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

Shares of Standard Chartered PLC (LON:STANGet Free Report) hit a new 52-week high during trading on Monday . The company 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 trading hands. The stock had previously closed at GBX 1,271.46 ($16.27).

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on Standard Chartered

Standard Chartered Trading Up 0.7 %

The company has a 50 day simple moving average of GBX 1,086.03 and a 200 day simple moving average of GBX 932.55. The stock has a market cap of £37.76 billion, a P/E ratio of 11.26, a PEG 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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