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Standard Chartered ( (GB:STAN) ) has issued an announcement.
Standard Chartered PLC has issued SGD 750 million of fixed-rate resetting perpetual subordinated contingent convertible securities, further strengthening its capital structure through an additional loss-absorbing instrument. The bank plans to seek admission of these securities to trading on the International Securities Market of the London Stock Exchange and will also apply to list any ordinary shares resulting from conversion of the securities on the Hong Kong Stock Exchange, underlining its dual-market presence and providing investors with enhanced access and liquidity.
The most recent analyst rating on (GB:STAN) stock is a Hold with a £17.75 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 earnings performance and strategic initiatives, such as share buy-backs, contribute positively to its stock score. While financial performance is solid, challenges in cash flow and operational efficiency need attention. The technical analysis supports a positive outlook, and the valuation suggests reasonable pricing.
To see Spark’s full report on GB:STAN stock, click here.
More about Standard Chartered
Standard Chartered PLC is an international banking group offering a range of financial services, including corporate, institutional, and retail banking, with listings on multiple global exchanges and a focus on both developed and emerging markets.
Average Trading Volume: 5,208,141
Technical Sentiment Signal: Buy
Current Market Cap: £40.45B
See more data about STAN stock on TipRanks’ Stock Analysis page.