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The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC announced the purchase of 716,000 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at prices ranging from 1,195 to 1,219 pence, with the intention to cancel them, reducing the total number of shares in issue to 2,331,979,051. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
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’s strong technical performance and effective capital management drive a high overall score, supported by solid financials. Challenges in cash flow and geopolitical risks slightly temper the outlook.
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 operating in Asia, Africa, and the Middle East. The company offers a wide range of financial services, including personal banking, corporate banking, and wealth management, with a focus on emerging markets.
Average Trading Volume: 6,661,964
Technical Sentiment Signal: Buy
Current Market Cap: £28.23B
For an in-depth examination of STAN stock, go to TipRanks’ Overview page.