Standard Chartered (LON:STAN) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Standard Chartered PLC (LON:STAN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,771.34 and traded as high as GBX 1,944. Standard Chartered shares last traded at GBX 1,811, with a volume of 1,549,345,625 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on STAN shares. Shore Capital Group upgraded Standard Chartered to a “sell” rating in a research note on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,250 target price on shares of Standard Chartered in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on Standard Chartered from GBX 2,200 to GBX 2,220 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, UBS Group restated a “buy” rating and issued a GBX 2,130 target price on shares of Standard Chartered in a research note on Monday, May 18th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 1,938.33.

Standard Chartered Stock Down 0.7%

The company has a 50-day moving average price of GBX 1,822.80 and a 200-day moving average price of GBX 1,771.34. The firm has a market capitalization of £39.29 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 0.80 and a beta of 0.60.

Insider Activity at Standard Chartered

In other Standard Chartered news, insider Bill Winters acquired 86,027 shares of Standard Chartered stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of GBX 1,507 per share, for a total transaction of £1,296,426.89. Also, insider Peter Burrill sold 10,907 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of GBX 1,554, for a total value of £169,494.78. Insiders own 0.39% of the company’s stock.

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. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.