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An announcement from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC has announced the purchase of 543,846 of its ordinary shares as part of its ongoing share buy-back program. The shares were bought at a volume weighted average price of 1,371.64 pence and will be cancelled, reducing the total number of shares in issue to 2,313,859,072. This move is in line with the company’s strategy to enhance shareholder value and manage its capital structure effectively.
The most recent analyst rating on (GB:STAN) stock is a Hold with a £82.80 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 performance and attractive valuation are key strengths. Positive technical indicators support the stock, though overbought signals and cash flow challenges are risks.
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 wide range of products and services including personal banking, corporate banking, wealth management, and investment services, with a strong focus on emerging markets.
Average Trading Volume: 5,587,339
Technical Sentiment Signal: Buy
Current Market Cap: £31.89B
Learn more about STAN stock on TipRanks’ Stock Analysis page.