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The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC announced the purchase of 36,176 of its ordinary shares as part of its ongoing share buy-back program, with prices ranging from 1,529.50 to 1,535.50 pence per share. The company intends to cancel these shares, reducing the total number of shares in issue to 2,284,001,913, which will impact the total voting rights and potentially enhance shareholder value.
The most recent analyst rating on (GB:STAN) stock is a Hold with a £1670.00 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 financial performance and positive earnings call are the most significant factors, supported by a solid valuation. Technical analysis indicates neutral momentum, slightly tempering the overall score.
To see Spark’s full report on GB:STAN stock, click here.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, primarily focused on providing financial services and products across Asia, Africa, and the Middle East. The company offers a wide range of services including personal banking, corporate banking, and wealth management, catering to a diverse global clientele.
Average Trading Volume: 5,107,076
Technical Sentiment Signal: Buy
Current Market Cap: £35.85B
For detailed information about STAN stock, go to TipRanks’ Stock Analysis page.