Standard Chartered (LON:STAN) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Standard Chartered PLC (LON:STANGet Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,635.79 and traded as high as GBX 1,701.59. Standard Chartered shares last traded at GBX 1,684, with a volume of 84,619,859 shares trading hands.

Standard Chartered News Summary

Here are the key news stories impacting Standard Chartered this week:

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on Standard Chartered from GBX 1,700 to GBX 1,900 and gave the company a “hold” rating in a report on Friday, January 23rd. Citigroup lifted their target price on shares of Standard Chartered from GBX 1,675 to GBX 1,775 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Standard Chartered from GBX 1,880 to GBX 2,170 and gave the company 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 stock. Based on data from MarketBeat, Standard Chartered presently has a consensus rating of “Hold” and a consensus target price of GBX 1,800.

Get Our Latest Analysis on Standard Chartered

Standard Chartered Stock Down 3.8%

The firm’s fifty day simple moving average is GBX 1,797.75 and its 200-day simple moving average is GBX 1,635.73. The firm has a market capitalization of £35.99 billion, a PE ratio of 8.43, a PEG ratio of 0.80 and a beta of 0.39.

Standard Chartered Company Profile

(Get Free Report)

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.

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