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An update from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC has repurchased 517,115 of its ordinary shares as part of its ongoing share buy-back program, with the transaction executed by Goldman Sachs International. The repurchased shares will be canceled, reducing the company’s total number of shares in issue to 2,297,728,711, thereby impacting the total voting rights. This move is part of Standard Chartered’s strategy to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:STAN) stock is a Buy with a £16.70 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 headquartered in London, England. It operates in consumer, corporate, and institutional banking, and treasury services, with a focus on emerging markets in Asia, Africa, and the Middle East.
YTD Price Performance: 48.53%
Average Trading Volume: 5,294,078
Technical Sentiment Signal: Buy
Current Market Cap: £32.89B
For an in-depth examination of STAN stock, go to TipRanks’ Overview page.