Standard Chartered Advances Share Buy-back Program

An update from Standard Chartered ( (GB:STAN) ) is now available.

Standard Chartered PLC announced the purchase of 471,184 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at a volume-weighted average price of 1,598.96 pence, with plans to cancel them, reducing the total number of shares in issue to 2,278,309,785. This move is part of Standard Chartered’s strategy to manage its capital structure and enhance shareholder value.

The most recent analyst rating on (GB:STAN) stock is a Hold with a £1700.00 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 financial performance, particularly in revenue growth and balance sheet strength, is complemented by positive earnings call insights. Technical indicators show bullish momentum, though caution is advised due to overbought signals. Valuation is reasonable, but the dividend yield is less attractive. Overall, the stock presents a solid investment opportunity with some risks to monitor.

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 across Asia, Africa, and the Middle East. The company offers a range of services including personal banking, corporate banking, and wealth management, catering to a diverse clientele in emerging markets.

Average Trading Volume: 4,717,160

Technical Sentiment Signal: Buy

Current Market Cap: £36.74B

For an in-depth examination of STAN stock, go to TipRanks’ Overview page.