Standard Chartered (LON:STAN) Hits New 12-Month High - Should You Buy?

Shares of Standard Chartered PLC (LON:STAN - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 1,007.50 ($12.78) and last traded at GBX 1,004.48 ($12.74), with a volume of 16060261 shares. The stock had previously closed at GBX 996.48 ($12.64).

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STAN. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,100 ($13.96) price target on shares of Standard Chartered in a research note on Wednesday, August 21st. Citigroup reiterated a "neutral" rating on shares of Standard Chartered in a research report on Monday, September 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,002 ($12.71).

Standard Chartered Stock Down 0.5 %

The firm has a market cap of £24.29 billion, a price-to-earnings ratio of 1,139.54, a PEG ratio of 0.80 and a beta of 0.85. The firm has a 50 day moving average of GBX 906.24 and a 200 day moving average of GBX 801.35.

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.