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Standard Chartered PLC 39.6% Potential Upside Indicated by Goldman Sachs

Standard Chartered PLC using EPIC/TICKER code (LON:STAN) has had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘CONVICTION BUY’ this morning by analysts at Goldman Sachs. Standard Chartered PLC are listed in the Financials sector within UK Main Market. Goldman Sachs have set their target price at 990 GBX on its stock. This now indicates the analyst believes there is a possible upside of 39.6% from today’s opening price of 709.4 GBX. Over the last 30 and 90 trading days the company share price has increased 76.8 points and increased 94.2 points respectively. The 52 week high share price is 787.3 GBX while the 52 week low is 514.2 GBX.

Standard Chartered PLC has a 50 day moving average of 636.25 GBX and the 200 Day Moving Average price is recorded at 624.08. There are currently 20,347,067,634 shares in issue with the average daily volume traded being 7,527,597. Market capitalisation for LON:STAN is £23,593,695,400 GBP.