Standard Chartered (LON:STAN) Reaches New 12-Month High – Still a Buy?

Standard Chartered PLC (LON:STAN)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 1,006.50 ($12.83) and last traded at GBX 1,003 ($12.78), with a volume of 27241021 shares trading hands. The stock had previously closed at GBX 973.60 ($12.41).

Analysts Set New Price Targets

STAN has been the topic of several research analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 1,100 ($14.02) price target on shares of Standard Chartered in a research note on Wednesday, August 21st. Citigroup restated a “neutral” rating on shares of Standard Chartered in a research report on Monday, September 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Standard Chartered currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,002 ($12.77).

Standard Chartered Stock Up 2.8 %

The firm has a market cap of £24.51 billion, a price-to-earnings ratio of 1,119.08, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The stock’s 50 day moving average is GBX 885.04 and its 200 day moving average is GBX 793.88.

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.