Standard Chartered PLC 3.7% Potential Decrease Indicated by Barclays Capital

Broker Ratings
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Standard Chartered PLC using EPIC/TICKER code (LON:STAN) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at Barclays Capital. Standard Chartered PLC are listed in the Financials sector within UK Main Market. Barclays Capital have set a target price of 550 GBX on its stock. This is indicating the analyst believes there is a potential downside of -3.7% from today’s opening price of 571 GBX. Over the last 30 and 90 trading days the company share price has decreased 59.6 points and decreased 122.2 points respectively. The 1 year high for the share price is 742.6 GBX while the 52 week low for the share price is 544 GBX.

Standard Chartered PLC has a 50 day moving average of 672.08 GBX and a 200 day moving average of 684.58. There are currently 3,196,211,847 shares in issue with the average daily volume traded being 6,501,418. Market capitalisation for LON:STAN is £17,406,569,771 GBP.

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    Standard Chartered PLC reports a robust Q3 2024, with a 41% profit increase, driven by Wealth Solutions and Global Markets growth strategies.

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