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An announcement from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC announced the purchase of 521,740 of its ordinary shares as part of a share buy-back program, with the shares acquired at prices ranging from 1,351.50 to 1,402.00 pence. The company plans to cancel these shares, reducing the total number of shares in issue to 2,287,440,786, which will also adjust the total voting rights accordingly, reflecting a strategic move to enhance shareholder value.
The most recent analyst rating on (GB:STAN) stock is a Buy with a £1690.00 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 that operates primarily in Asia, Africa, and the Middle East. The company offers a range of products and services including personal banking, corporate banking, wealth management, and investment services, focusing on emerging markets.
YTD Price Performance: 42.88%
Average Trading Volume: 5,036,504
Technical Sentiment Signal: Buy
Current Market Cap: £31.49B
See more insights into STAN stock on TipRanks’ Stock Analysis page.