Standard Chartered PLC 57.6% Potential Upside Indicated by Goldman Sachs

Broker Ratings
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Standard Chartered PLC using EPIC/TICKER code (LON:STAN) had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘BUY’ this morning by analysts at Goldman Sachs. Standard Chartered PLC are listed in the Financials sector within UK Main Market. Goldman Sachs have set a target price of 690 GBX on its stock. This would imply the analyst believes there is now a potential upside of 57.6% from the opening price of 437.9 GBX. Over the last 30 and 90 trading days the company share price has increased 20.4 points and increased 13.8 points respectively. The 52 week high for the stock is 740.8 GBX while the 52 week low for the stock is 368.4 GBX.

Standard Chartered PLC has a 50 day moving average of 427.52 GBX and a 200 Day Moving Average share price is recorded at 569.38. There are currently 3,156,182,262 shares in issue with the average daily volume traded being 7,461,488. Market capitalisation for LON:STAN is £13,989,303,447 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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