Standard Chartered (LON:STAN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Standard Chartered PLC (LON:STAN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,553.75 and traded as high as GBX 1,875. Standard Chartered shares last traded at GBX 1,862, with a volume of 4,076,663 shares changing hands.

Analyst Upgrades and Downgrades

STAN has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on Standard Chartered from GBX 1,700 to GBX 1,900 and gave the stock a “hold” rating in a report on Friday, January 23rd. Shore Capital reissued a “hold” rating on shares of Standard Chartered in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their target price on Standard Chartered from GBX 1,770 to GBX 1,880 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Citigroup raised their price target on shares of Standard Chartered from GBX 1,675 to GBX 1,775 and gave the stock a “neutral” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,727.50.

Standard Chartered Price Performance

The firm has a market capitalization of £42.10 billion, a P/E ratio of 9.83, a PEG ratio of 0.80 and a beta of 0.85. The firm’s 50 day moving average is GBX 1,775.18 and its two-hundred day moving average is GBX 1,555.42.

About Standard Chartered

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.