Standard Chartered PLC (LON:STAN) Insider Sells £4,942.80 in Stock

Standard Chartered PLC (LON:STAN) insider Bill Winters sold 41,190 shares of Standard Chartered stock in a transaction dated Monday, March 10th. The stock was sold at an average price of GBX 12 ($0.16), for a total value of £4,942.80 ($6,399.27).

Standard Chartered Trading Up 1.7 %

Shares of STAN stock opened at GBX 1,150 ($14.89) on Wednesday. Standard Chartered PLC has a 1 year low of GBX 635.20 ($8.22) and a 1 year high of GBX 1,281 ($16.58). The firm’s fifty day moving average price is GBX 1,107.68 and its two-hundred day moving average price is GBX 950.28. The firm has a market capitalization of £34.72 billion, a P/E ratio of 10.36, a PEG ratio of 0.80 and a beta of 0.85.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STAN. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 970 ($12.56) price objective on shares of Standard Chartered in a report on Monday, February 24th. Citigroup raised their price objective on shares of Standard Chartered from GBX 1,170 ($15.15) to GBX 1,250 ($16.18) and gave the stock a “neutral” rating in a report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Standard Chartered has an average rating of “Moderate Buy” and an average target price of GBX 1,073.33 ($13.90).

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.