Standard Chartered (LON:STAN) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?
by Doug Wharley · The Cerbat GemStandard Chartered PLC (LON:STAN – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,683.80 and traded as high as GBX 1,776. Standard Chartered shares last traded at GBX 1,750.10, with a volume of 4,985,897 shares traded.
Analyst Upgrades and Downgrades
Several research analysts have commented on STAN shares. Citigroup lifted their price target on Standard Chartered from GBX 1,675 to GBX 1,775 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft lifted their price target on 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. Finally, JPMorgan Chase & Co. lifted their price target 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. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Standard Chartered has a consensus rating of “Hold” and an average price target of GBX 1,800.
Get Our Latest Stock Report on STAN
Standard Chartered Stock Down 1.1%
The firm has a market cap of £38.49 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 0.80 and a beta of 0.52. The stock has a fifty day moving average price of GBX 1,683.14 and a 200-day moving average price of GBX 1,685.81.
Insider Buying and Selling
In other news, insider Peter Burrill sold 10,907 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of GBX 1,554, for a total value of £169,494.78. Also, insider Bill Winters bought 86,027 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was bought at an average cost of GBX 1,507 per share, for a total transaction of £1,296,426.89. Insiders own 0.38% of the company’s stock.
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.