Standard Chartered PLC (LON:STAN – Get Free Report) insider Bill Winters purchased 86,027 shares of Standard Chartered stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of GBX 1,507 per share, with a total value of £1,296,426.89.
Standard Chartered Stock Performance
Standard Chartered stock opened at GBX 1,516.75 on Friday. The company has a 50 day moving average price of GBX 1,766.80 and a 200 day moving average price of GBX 1,643.05. Standard Chartered PLC has a 52 week low of GBX 872.80 and a 52 week high of GBX 1,924. The firm has a market capitalization of £34.16 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 0.80 and a beta of 0.39.
Analyst Upgrades and Downgrades
Several analysts have recently commented on STAN shares. JPMorgan Chase & Co. raised their target price on Standard Chartered from GBX 1,880 to GBX 2,170 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Standard Chartered from GBX 1,700 to GBX 1,900 and gave the company a “hold” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,800.
More Standard Chartered News
Here are the key news stories impacting Standard Chartered this week:
- Positive Sentiment: Board advances share buy‑back and plans to cancel repurchased shares — supports EPS, capital return and scarcity of stock, a clear positive for valuation. Standard Chartered Advances Buy-back
- Positive Sentiment: Strategic growth push: plans for Hong Kong wealth centres targeting ~US$200bn of “new money” — could boost fee income and wealth AUM over time. Hong Kong wealth centres
- Positive Sentiment: Possible India credit‑card portfolio sale/JV (bids from Kotak/Federal Bank) — a disposal could crystallize value, simplify India consumer exposure and free capital for buybacks/dividends. India credit-card portfolio review
- Neutral Sentiment: Standard Chartered‑backed Zodia Custody exploring credit secured by tokenized assets — potential new revenue line but carries execution and regulatory risk. Zodia Custody pursues tokenized-asset credit
- Neutral Sentiment: Small SEBI settlement in India (Rs 57.2 lakh) — immaterial to the balance sheet but a reminder of regulatory oversight. SEBI settlement
- Neutral Sentiment: Market context: trading volume is far above average and the share price sits between its 50‑day and 200‑day SMAs — increases short‑term volatility around corporate action headlines.
- Negative Sentiment: Legal/1MDB exposure: Standard Chartered and BSI lost a bid to join Singapore winding‑up cases linked to 1MDB assets — raises legal uncertainty and potential reputational/regulatory risk. Singapore court 1MDB-related ruling
- Negative Sentiment: Insider selling: non‑executive Peter Burrill reported recent disposals (reported sales of 10,907 and 4,143 shares) — modest in size but can add to near‑term selling pressure and investor nervousness. Insider sale report
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.
See Also
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