Standard Chartered (LON:STAN) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Standard Chartered PLC (LON:STAN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 805.72 ($10.10) and traded as high as GBX 987.20 ($12.38). Standard Chartered shares last traded at GBX 980.80 ($12.30), with a volume of 3,633,479 shares.

Analyst Ratings Changes

Separately, Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research note on Monday, September 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Standard Chartered presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,002 ($12.56).

Standard Chartered Trading Up 0.2 %

The stock has a market cap of £24.08 billion, a P/E ratio of 1,129.89, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The company’s fifty day simple moving average is GBX 923.87 and its 200-day simple moving average is GBX 808.61.

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.