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Standard Chartered ( (GB:STAN) ) has issued an update.
Standard Chartered PLC announced the purchase of 484,131 of its ordinary shares as part of its ongoing share buy-back program. The company intends to cancel these shares, which will adjust the total number of shares in issue to 2,283,517,782, impacting its overall voting rights and potentially enhancing shareholder value.
The most recent analyst rating on (GB:STAN) stock is a Hold with a £168.00 price target. To see the full list of analyst forecasts on Standard Chartered stock, see the GB:STAN Stock Forecast page.
Spark’s Take on GB:STAN Stock
According to Spark, TipRanks’ AI Analyst, GB:STAN is a Outperform.
Standard Chartered’s strong earnings performance and strategic advancements in digital assets and wealth management are key strengths, supported by robust technical indicators. However, challenges in cash flow and operational efficiency, along with some pressure on net interest income, temper the overall score.
To see Spark’s full report on GB:STAN stock, click here.
More about Standard Chartered
Standard Chartered PLC is a prominent financial services company operating in the banking industry. It provides a range of banking products and services, with a focus on emerging markets across Asia, Africa, and the Middle East.
YTD Price Performance: 61.75%
Average Trading Volume: 5,080,309
Technical Sentiment Signal: Buy
Current Market Cap: £35.59B
For an in-depth examination of STAN stock, go to TipRanks’ Overview page.