Standard Chartered Advances Share Buy-back Program

The latest update is out from Standard Chartered ( (GB:STAN) ).

Standard Chartered PLC announced the purchase of 761,086 of its ordinary shares as part of its ongoing share buy-back program. This move, executed through J.P. Morgan Securities, is part of a strategic effort to manage the company’s capital structure, with the intention to cancel the purchased shares, reducing the total number of shares in issue and potentially increasing shareholder value.

The most recent analyst rating on (GB:STAN) stock is a Hold with a £8.15 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 is well-positioned with strong revenue growth and a robust balance sheet. The technical outlook is positive, supported by attractive valuation metrics. Earnings call insights suggest strategic expansions but highlight potential risks. The company’s proactive capital management through buy-backs enhances its attractiveness.

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. The company operates across various markets, with a significant presence in Asia, Africa, and the Middle East.

Average Trading Volume: 7,238,659

Technical Sentiment Signal: Buy

Current Market Cap: £26.7B

Find detailed analytics on STAN stock on TipRanks’ Stock Analysis page.