Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Standard Chartered ( (GB:STAN) ) has issued an announcement.
Standard Chartered PLC announced the purchase of 512,756 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at prices ranging from 1,419.00 to 1,440.00 pence, with a volume-weighted average price of 1,431.92 pence. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value. Following the cancellation of these shares, the total number of voting rights in the company will be reduced to 2,289,000,719, potentially impacting shareholder voting power and market perception.
The most recent analyst rating on (GB:STAN) stock is a Hold with a £16.54 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 call performance and attractive valuation are key strengths. Financial performance is solid but challenged by declining cash flows. Technical indicators show a positive trend, supporting the overall score.
To see Spark’s full report on GB:STAN stock, click here.
More about Standard Chartered
Standard Chartered PLC is a multinational banking and financial services company. It offers a range of products and services including personal banking, corporate banking, wealth management, and investment services. The company primarily operates in Asia, Africa, and the Middle East, focusing on emerging markets.
Average Trading Volume: 5,076,929
Technical Sentiment Signal: Buy
Current Market Cap: £33.18B
For detailed information about STAN stock, go to TipRanks’ Stock Analysis page.