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Standard Chartered (LON:STAN) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Standard Chartered logo with Financial Services background

Standard Chartered PLC (LON:STAN - Get Free Report)'s stock price crossed 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 traded.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,002 ($12.56).

Read Our Latest Stock Analysis on STAN

Standard Chartered Price Performance

The stock has a 50-day moving average price of GBX 921.03 and a 200-day moving average price of GBX 807.17. The company has a market capitalization of £24.08 billion, a price-to-earnings ratio of 1,129.89, a PEG ratio of 0.80 and a beta of 0.85.

Standard Chartered Company Profile

(Get Free Report)

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.

See Also

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