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Standard Chartered ( (GB:STAN) ) has shared an update.
Standard Chartered PLC announced the purchase of 754,867 of its ordinary shares as part of a share buy-back program, with prices ranging from 1,163 to 1,184 GB pence per share. This move is part of a strategic effort to manage the company’s capital structure, and the purchased shares will be canceled, reducing the total number of shares in issue to 2,335,674,783, which will also be the total number of voting rights.
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.
The overall stock score is driven by solid financial performance and attractive valuation, supported by strategic share buy-backs. However, caution is warranted due to operational challenges and external uncertainties.
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 across Asia, Africa, and the Middle East. The company offers a wide range of services including personal banking, corporate banking, and wealth management, with a strong emphasis on emerging markets.
Average Trading Volume: 6,930,636
Technical Sentiment Signal: Buy
Current Market Cap: £27.34B
See more insights into STAN stock on TipRanks’ Stock Analysis page.