Standard Chartered (LON:STAN) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Standard Chartered PLC (LON:STAN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,355.54 and traded as high as GBX 1,621. Standard Chartered shares last traded at GBX 1,598.16, with a volume of 4,465,706 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Standard Chartered in a report on Thursday, October 30th. Shore Capital reissued a “hold” rating on shares of Standard Chartered in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Standard Chartered presently has an average rating of “Hold” and a consensus target price of GBX 1,316.25.

Standard Chartered Trading Up 1.3%

The stock has a market cap of £38.02 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 0.80 and a beta of 0.85. The firm’s 50-day moving average is GBX 1,508.80 and its two-hundred day moving average is GBX 1,359.59.

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.