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Standard Chartered ( (GB:STAN) ) has shared an update.
Standard Chartered PLC announced the issuance of CNY 500,000,000 fixed rate notes due in October 2030, under its extensive debt issuance program. These notes are set to be listed on the London Stock Exchange, enhancing the company’s capital base and supporting its strategic initiatives in key markets.
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 operates in the financial services industry, offering a range of banking and financial products and services. The company focuses on emerging markets and has a significant presence in Asia, Africa, and the Middle East.
Average Trading Volume: 5,059,334
Technical Sentiment Signal: Buy
Current Market Cap: £32.86B
Find detailed analytics on STAN stock on TipRanks’ Stock Analysis page.