Standard Chartered (LON:STAN) Reaches New 52-Week High - Should You Buy?

Standard Chartered PLC (LON:STAN - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1,277.26 ($16.46) and last traded at GBX 1,274 ($16.42), with a volume of 165627109 shares. The stock had previously closed at GBX 1,271.46 ($16.39).

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Citigroup boosted their price target on shares of Standard Chartered from GBX 1,170 ($15.08) to GBX 1,250 ($16.11) and gave the company a "neutral" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 970 ($12.50) price objective on shares of Standard Chartered in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,073.33 ($13.84).

Standard Chartered Trading Down 0.1 %

The stock has a market cap of £37.48 billion, a PE ratio of 11.18, a P/E/G ratio of 0.80 and a beta of 0.85. The business's 50-day moving average price is GBX 1,091.22 and its 200-day moving average price is GBX 934.72.

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.