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The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC has completed its share buy-back program that commenced on 25 February 2025, purchasing a total of 98,162,451 ordinary shares for approximately $1.5 billion. This strategic move is aimed at optimizing the company’s capital structure and enhancing shareholder value, with the purchased shares set to be canceled, reducing the total number of shares in issue to 2,316,065,052.
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 strong financial performance and positive corporate actions like share buy-backs are significant strengths. Technical indicators suggest bullish momentum, but caution is advised due to overbought signals. Valuation is reasonable, though not particularly attractive for dividend-focused investors. Overall, the company is well-positioned but faces some external challenges.
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 wide range of services including personal banking, corporate banking, wealth management, and investment services, catering to a diverse clientele in emerging markets.
Average Trading Volume: 5,915,126
Technical Sentiment Signal: Buy
Current Market Cap: £31.4B
For an in-depth examination of STAN stock, go to TipRanks’ Overview page.