Standard Chartered (LON:STAN) Share Price Passes Above Two Hundred Day Moving Average of $657.67

Shares of Standard Chartered PLC (LON:STAN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 657.67 ($8.36) and traded as high as GBX 779 ($9.90). Standard Chartered shares last traded at GBX 775.40 ($9.86), with a volume of 6,166,772 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on STAN shares. Berenberg Bank raised their price target on shares of Standard Chartered from GBX 1,000 ($12.71) to GBX 1,050 ($13.35) and gave the stock a “buy” rating in a research report on Friday, February 23rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,300 ($16.52) price target on shares of Standard Chartered in a research report on Thursday, April 18th. Shore Capital reissued a “buy” rating on shares of Standard Chartered in a research report on Friday, February 23rd. Keefe, Bruyette & Woods raised shares of Standard Chartered to a “market perform” rating and set a GBX 790 ($10.04) price objective for the company in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Standard Chartered in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Standard Chartered presently has a consensus rating of “Moderate Buy” and an average price target of GBX 951.33 ($12.09).

Standard Chartered Price Performance

The stock has a market cap of £19.59 billion, a price-to-earnings ratio of 881.14, a P/E/G ratio of 1.06 and a beta of 0.83. The business’s fifty day simple moving average is GBX 704.78 and its 200 day simple moving average is GBX 657.67.

Insider Activity

In other news, insider Bill Winters sold 24,101 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of GBX 665 ($8.45), for a total transaction of £160,271.65 ($203,700.62). Corporate insiders own 1.38% of the company’s stock.

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.