Standard Chartered (GB:STAN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Standard Chartered has repurchased over 1.5 million of its ordinary shares as part of a share buy-back program, with prices ranging from 931.20 to 944.40 pence per share. This move, executed across various trading venues including the London Stock Exchange, aims to reduce the company’s outstanding shares, thereby potentially increasing the value of remaining shares. Such buy-back strategies are often employed to enhance shareholder value and demonstrate confidence in the company’s financial health.
For further insights into GB:STAN stock, check out TipRanks’ Stock Analysis page.