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The latest update is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC announced the purchase of 534,047 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at prices ranging from 1,364.00 to 1,381.50 pence per share, with the intention to cancel them, reducing the total number of shares in issue to 2,305,105,962. This move is part of the company’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 £1508.00 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 leading international banking group, offering a wide range of financial services and products. The company operates primarily in Asia, Africa, and the Middle East, focusing on providing banking services to individuals, corporations, and institutions.
Average Trading Volume: 5,601,509
Technical Sentiment Signal: Buy
Current Market Cap: £31.94B
Find detailed analytics on STAN stock on TipRanks’ Stock Analysis page.