Standard Chartered (LON:STAN) Hits New 1-Year High – Time to Buy?

Standard Chartered PLC (LON:STAN) shares reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,596 and last traded at GBX 1,581, with a volume of 3454457 shares. The stock had previously closed at GBX 1,559.50.

Analysts Set New Price Targets

A number of analysts have commented on the company. Shore Capital reiterated a “hold” rating on shares of Standard Chartered in a research report on Thursday, October 30th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Chartered in a research report 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 stock. According to data from MarketBeat, Standard Chartered presently has a consensus rating of “Hold” and a consensus price target of GBX 1,316.25.

Standard Chartered Stock Down 1.2%

The company has a market capitalization of £35.80 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.80 and a beta of 0.85. The stock has a fifty day moving average price of GBX 1,433.90 and a two-hundred day moving average price of GBX 1,295.72.

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.