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

Shares of Standard Chartered PLC (LON:STAN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,334.33 and traded as high as GBX 1,615.50. Standard Chartered shares last traded at GBX 1,598, with a volume of 3,300,192 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STAN. Shore Capital reissued a “hold” rating on shares of Standard Chartered in a research note on Thursday, October 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Standard Chartered in a research note on Thursday, October 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Standard Chartered currently has an average rating of “Hold” and a consensus price target of GBX 1,316.25.

Standard Chartered Stock Down 0.2%

The stock has a market capitalization of £35.60 billion, a P/E ratio of 8.23, a P/E/G ratio of 0.80 and a beta of 0.85. The stock’s 50 day moving average price is GBX 1,487.52 and its 200-day moving average price is GBX 1,339.15.

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.