Standard Chartered (LON:STAN) Sets New 52-Week High – Here’s Why

Standard Chartered PLC (LON:STAN) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,007.50 ($12.81) and last traded at GBX 1,004.48 ($12.77), with a volume of 16060261 shares traded. The stock had previously closed at GBX 996.48 ($12.67).

Analyst Ratings Changes

Several brokerages have recently commented on STAN. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Monday, September 2nd. Berenberg Bank restated a “buy” rating and set a GBX 1,100 ($13.98) price target on shares of Standard Chartered in a report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,002 ($12.74).

Standard Chartered Trading Up 0.7 %

The stock has a market capitalization of £24.43 billion, a price-to-earnings ratio of 1,139.54, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The stock has a 50-day simple moving average of GBX 906.24 and a 200 day simple moving average of GBX 801.35.

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.