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Standard Chartered ( (GB:STAN) ) has provided an announcement.
Standard Chartered PLC announced the repurchase of 766,000 of its ordinary shares as part of its ongoing share buy-back program. This transaction, executed on 6 June 2025, involved shares purchased at prices ranging from 1,150.0000 to 1,190.5000 GB pence, with a volume-weighted average price of 1,173.8117 GB pence. The company plans to cancel these shares, reducing the total number of shares in issue to 2,344,034,241, which will also be the total number of voting rights. This strategic move is part of Standard Chartered’s efforts to optimize its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:STAN) stock is a Hold with a £8.15 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 overall stock score is supported by strong financial growth, strategic initiatives like share buybacks, and an attractive valuation. However, challenges such as declining cash flows and mixed technical indicators temper its overall attractiveness. The positive earnings call and corporate events further bolster the stock’s outlook.
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, offering services such as personal and corporate banking, wealth management, and investment solutions.
YTD Price Performance: 22.19%
Average Trading Volume: 7,480,258
Technical Sentiment Signal: Buy
Current Market Cap: £27.6B
For a thorough assessment of STAN stock, go to TipRanks’ Stock Analysis page.
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