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Standard Chartered ( (GB:STAN) ) has shared an announcement.
Standard Chartered PLC announced the purchase of 508,047 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at prices ranging from 1,410.00 to 1,444.00 pence, with a volume-weighted average price of 1,427.42 pence. This transaction, executed through various trading venues including the London Stock Exchange, CBOE BXE, and CBOE CXE, is part of the company’s strategy to manage its capital structure effectively. Following the cancellation of these shares, the total number of voting rights in Standard Chartered will be 2,299,281,465, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:STAN) stock is a Buy with a £16.70 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, with a strong presence in Asia, Africa, and the Middle East. The company offers a wide range of financial products and services, including personal and corporate banking, wealth management, and investment services, focusing on emerging markets.
Average Trading Volume: 5,371,097
Technical Sentiment Signal: Buy
Current Market Cap: £33.24B
See more insights into STAN stock on TipRanks’ Stock Analysis page.