Standard Chartered (LON:STAN) Shares Pass Above 200-Day Moving Average – Should You Sell?

Standard Chartered PLC (LON:STAN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 805.72 ($10.10) and traded as high as GBX 987.20 ($12.38). Standard Chartered shares last traded at GBX 980.80 ($12.30), with a volume of 3,633,479 shares traded.

Analysts Set New Price Targets

Separately, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research note on Monday, September 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,002 ($12.56).

Standard Chartered Trading Up 0.2 %

The business has a 50 day simple moving average of GBX 923.87 and a two-hundred day simple moving average of GBX 808.61. The company has a market cap of £24.08 billion, a PE ratio of 1,129.89, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.

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.