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The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC announced the repurchase of 474,085 of its ordinary shares as part of its ongoing share buy-back program. The shares were purchased from Goldman Sachs International at prices ranging from 1,601.50 to 1,654.50 pence, with a volume-weighted average price of 1,636.09 pence. The company plans to cancel these shares, which will result in a total of 2,274,933,671 ordinary shares in issue, maintaining its commitment to enhancing shareholder value.
The most recent analyst rating on (GB:STAN) stock is a Buy with a £176.70 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, particularly in revenue growth and balance sheet strength, is complemented by positive earnings call insights. Technical indicators show bullish momentum, though caution is advised due to overbought signals. Valuation is reasonable, but the dividend yield is less attractive. Overall, the stock presents a solid investment opportunity with some risks to monitor.
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. The company operates in various markets around the world, with a strong presence in Asia, Africa, and the Middle East.
Average Trading Volume: 4,724,835
Technical Sentiment Signal: Buy
Current Market Cap: £36.41B
See more data about STAN stock on TipRanks’ Stock Analysis page.