Standard Chartered (LON:STAN) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Standard Chartered PLC (LON:STAN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,659.35 and traded as low as GBX 1,559. Standard Chartered shares last traded at GBX 1,571, with a volume of 1,247,866,625 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on STAN. JPMorgan Chase & Co. upped their price target on shares of 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. Deutsche Bank Aktiengesellschaft upped their price target 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. Finally, Citigroup upped their price target on shares of 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. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 1,800.

Standard Chartered Stock Up 9.6%

The firm’s fifty day moving average price is GBX 1,698.56 and its 200 day moving average price is GBX 1,660.80. The stock has a market cap of £38.20 billion, a PE ratio of 9.10, a P/E/G ratio of 0.80 and a beta of 0.52.

Insider Buying and Selling at Standard Chartered

In other news, insider Peter Burrill sold 10,907 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were 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 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. 0.38% of the stock is currently owned by insiders.

Standard Chartered Company Profile

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.