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Standard Chartered ( (GB:STAN) ) has provided an update.
Standard Chartered PLC announced the purchase of 150,818 of its ordinary shares as part of a share buy-back program. The shares were bought from Goldman Sachs International at prices ranging from 1,399.00 to 1,408.50 pence per share. The company plans to cancel these shares, reducing the total number of shares in circulation, which could potentially enhance shareholder value by increasing earnings per share.
The most recent analyst rating on (GB:STAN) stock is a Buy with a £1508.00 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 multinational banking and financial services company. It operates primarily in Asia, Africa, and the Middle East, offering a range of products and services including personal banking, corporate banking, and wealth management.
Average Trading Volume: 5,641,673
Technical Sentiment Signal: Buy
Current Market Cap: £32.68B
Find detailed analytics on STAN stock on TipRanks’ Stock Analysis page.