Standard Chartered (LON:STAN) Reaches New 1-Year High at $139.50

Standard Chartered PLC (LON:STAN) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 139.50 ($1.82) and last traded at GBX 428.70 ($5.60), with a volume of 3719890 shares. The stock had previously closed at GBX 429.60 ($5.61).

Several research analysts recently issued reports on the stock. Barclays reissued an “underweight” rating and set a GBX 490 ($6.40) price target on shares of Standard Chartered in a report on Monday. Numis Securities reaffirmed a “buy” rating and issued a GBX 600 ($7.84) target price on shares of Standard Chartered in a report on Thursday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 629 ($8.22) target price on shares of Standard Chartered in a report on Friday, April 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 ($3.00) target price on shares of Standard Chartered in a report on Monday, May 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Standard Chartered from GBX 560 ($7.32) to GBX 670 ($8.75) and gave the company a “buy” rating in a report on Monday, April 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 517.11 ($6.76).

The stock has a 50 day moving average of GBX 477.67. The company has a market capitalization of £13.37 billion and a P/E ratio of 21.48.

In other news, insider Andrew Nigel (Andy) Halford sold 9,961 shares of the firm’s stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of GBX 513 ($6.70), for a total value of £51,099.93 ($66,762.39).

Standard Chartered Company Profile (LON:STAN)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.

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