Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Standard Chartered ( (GB:STAN) ) just unveiled an update.
Standard Chartered PLC announced the purchase of 716,007 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at a volume-weighted average price of 1,332.6577 GB pence, with the intention to cancel them, reducing the total number of shares in issue to 2,320,980,997. 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 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 stock is supported by robust financial growth and strategic buybacks, but faces challenges with cash flow and geopolitical risks which slightly temper its overall attractiveness.
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 operates in various markets worldwide, focusing on providing banking services, including personal, corporate, and institutional banking, as well as treasury services.
Average Trading Volume: 5,871,940
Technical Sentiment Signal: Buy
Current Market Cap: £30.87B
Learn more about STAN stock on TipRanks’ Stock Analysis page.