Standard Chartered (LON:STAN) Stock Price Crosses Above 200 Day Moving Average of $680.56

Standard Chartered PLC (LON:STAN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $680.56 and traded as high as $683.40. Standard Chartered shares last traded at $678.40, with a volume of 3,991,868 shares changing hands.

STAN has been the subject of several research analyst reports. Deutsche Bank upped their target price on Standard Chartered from GBX 630 ($8.29) to GBX 700 ($9.21) and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Societe Generale raised shares of Standard Chartered to a “buy” rating in a research note on Tuesday, September 10th. HSBC boosted their price target on shares of Standard Chartered from GBX 570 ($7.50) to GBX 590 ($7.76) and gave the stock a “reduce” rating in a report on Tuesday, November 5th. BNP Paribas cut shares of Standard Chartered to an “underperform” rating in a research report on Friday, November 15th. Finally, Morgan Stanley restated an “underweight” rating on shares of Standard Chartered in a research report on Tuesday, November 19th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 729.91 ($9.60).

The firm has a 50-day moving average price of GBX 696.18 and a two-hundred day moving average price of GBX 680.56. The firm has a market cap of $21.68 billion and a PE ratio of 37.27.

About Standard Chartered (LON:STAN)

Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.

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