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

Standard Chartered PLC (LON:STAN)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,355.54 and traded as high as GBX 1,621. Standard Chartered shares last traded at GBX 1,598.16, with a volume of 4,465,706 shares traded.

Analyst Upgrades and Downgrades

STAN has been the topic of several research reports. Shore Capital reissued 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 report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Standard Chartered presently has a consensus rating of “Hold” and an average target price of GBX 1,316.25.

Standard Chartered Trading Down 0.5%

The company has a market cap of £36.47 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 0.80 and a beta of 0.85. The firm’s fifty day simple moving average is GBX 1,499.72 and its 200 day simple moving average is GBX 1,355.54.

About Standard Chartered

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.