Standard Chartered (LON:STAN) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Standard Chartered PLC (LON:STAN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,553.75 and traded as high as GBX 1,875. Standard Chartered shares last traded at GBX 1,862, with a volume of 4,076,663 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Standard Chartered from GBX 1,700 to GBX 1,900 and gave the stock a “hold” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. upped their target price on Standard Chartered from GBX 1,770 to GBX 1,880 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Shore Capital reiterated a “hold” rating on shares of Standard Chartered in a research report on Thursday, October 30th. Finally, Citigroup lifted their price target on Standard Chartered from GBX 1,675 to GBX 1,775 and gave the company a “neutral” rating in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,727.50.

Standard Chartered Trading Up 1.3%

The firm has a market capitalization of £42.10 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The firm has a 50-day moving average of GBX 1,775.18 and a two-hundred day moving average of GBX 1,553.75.

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. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.