Standard Chartered (LON:STAN) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Standard Chartered PLC (LON:STAN)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,355.54 and traded as high as GBX 1,621. Standard Chartered shares last traded at GBX 1,598.16, with a volume of 4,465,706 shares.

Wall Street Analyst Weigh In

STAN has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Standard Chartered in a research note on Thursday, October 30th. Shore Capital reissued a “hold” rating on shares of Standard Chartered in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 1,316.25.

Standard Chartered Stock Performance

The company has a market capitalization of £36.47 billion, a PE ratio of 8.43, a P/E/G ratio of 0.80 and a beta of 0.85. The company’s 50-day simple moving average is GBX 1,499.72 and its 200-day simple moving average is GBX 1,355.54.

About Standard Chartered

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.