Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC has announced a share buyback program, aiming to repurchase up to $1.3 billion worth of its ordinary shares to reduce its share capital. The buyback will be executed through a non-discretionary agreement with Goldman Sachs International, who will act as principal in purchasing the shares on various UK investment exchanges, with the process set to run from August 1, 2025, to January 31, 2026. This move is expected to impact the company’s capital structure and could potentially influence its stock market performance.
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 strong financial performance and positive corporate actions like share buy-backs are significant strengths. Technical indicators suggest bullish momentum, but caution is advised due to overbought signals. Valuation is reasonable, though not particularly attractive for dividend-focused investors. Overall, the company is well-positioned but faces some external challenges.
To see Spark’s full report on GB:STAN stock, click here.
More about Standard Chartered
Standard Chartered PLC is a prominent financial services company operating in the banking industry. It provides a wide range of products and services, including retail and commercial banking, wealth management, and investment services, with a strong market focus on Asia, Africa, and the Middle East.
Average Trading Volume: 5,915,126
Technical Sentiment Signal: Buy
Current Market Cap: £31.4B
For a thorough assessment of STAN stock, go to TipRanks’ Stock Analysis page.