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An announcement from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC has announced the issuance of HKD 1.5 billion fixed rate notes due in August 2029, under its substantial debt issuance program. These notes are set to be listed on the London Stock Exchange, reflecting the company’s ongoing efforts to strengthen its financial position and market presence.
The most recent analyst rating on (GB:STAN) stock is a Hold with a £11.70 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 and undervaluation are significant strengths, supported by positive technical indicators. However, challenges in cash flow and operational efficiency, along with pressures on net interest income, slightly temper the overall outlook.
To see Spark’s full report on GB:STAN stock, click here.
More about Standard Chartered
Standard Chartered PLC operates in the financial services industry, offering a wide range of banking and financial products and services. The company focuses on emerging markets and has a significant presence in Asia, Africa, and the Middle East.
Average Trading Volume: 5,672,727
Technical Sentiment Signal: Buy
Current Market Cap: £31.72B
For a thorough assessment of STAN stock, go to TipRanks’ Stock Analysis page.