Standard Chartered Executives Exercise Options Under Sharesave Plan

Standard Chartered ( (GB:STAN) ) just unveiled an update.

Standard Chartered has disclosed that Judy Hsu, CEO of Wealth and Retail Banking, and Benjamin Hung, President, International, have each exercised matured options to acquire ordinary shares under the bank’s 2013 Sharesave Plan. Hsu purchased 2,071 shares and Hung 2,009 shares at an exercise price of £4.23 per share on the London Stock Exchange, a routine transaction that modestly increases senior executives’ equity exposure and aligns their interests further with shareholders.

The most recent analyst rating on (GB:STAN) stock is a Hold with a £1804.00 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 Neutral.

The score is anchored by mixed fundamentals: strong profit recovery and improving returns are outweighed by a severe deterioration in operating/free cash flow and continued high leverage. Technicals are mildly bearish in the near term, while valuation is reasonable and the latest earnings call was supportive due to upgraded guidance and improved capital metrics.

To see Spark’s full report on GB:STAN stock, click here.

More about Standard Chartered

Standard Chartered PLC is a London-headquartered international banking group focused on wealth management, retail banking and corporate and institutional banking across emerging markets. The group offers a range of financial products including savings and investment accounts, lending, and advisory services, with a strong presence in Asia, Africa and the Middle East.

Average Trading Volume: 4,755,844

Technical Sentiment Signal: Buy

Current Market Cap: £37.81B

See more data about STAN stock on TipRanks’ Stock Analysis page.