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

Standard Chartered PLC (LON:STAN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 805.72 ($10.10) and traded as high as GBX 987.20 ($12.38). Standard Chartered shares last traded at GBX 980.80 ($12.30), with a volume of 3,633,479 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “neutral” rating on shares of Standard Chartered in a research note on Monday, September 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,002 ($12.56).

Standard Chartered Stock Up 0.8 %

The firm has a 50 day moving average price of GBX 917.97 and a two-hundred day moving average price of GBX 805.72. The company has a market capitalization of £24.21 billion, a price-to-earnings ratio of 1,135.86, a P/E/G ratio of 0.80 and a beta of 0.85.

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.