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An update from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC announced the purchase of 534,400 of its ordinary shares from Goldman Sachs International as part of its ongoing share buy-back program. The company plans to cancel these shares, reducing the total number of shares in issue to 2,311,703,706, thereby impacting its capital structure and potentially enhancing shareholder value.
The most recent analyst rating on (GB:STAN) stock is a Hold with a £82.80 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 technical indicators and strategic corporate actions, such as share buybacks, are the most significant factors driving the score. While financial performance is solid, challenges in cash flow and operational efficiency need attention. The valuation is attractive, and the earnings call provided positive insights, despite some noted challenges.
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 offers a wide range of products and services, including retail and corporate banking, wealth management, and treasury services, with a strong focus on emerging markets.
Average Trading Volume: 5,598,438
Technical Sentiment Signal: Buy
Current Market Cap: £32.24B
See more insights into STAN stock on TipRanks’ Stock Analysis page.