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Standard Chartered PLC 4.3% Potential Decrease Indicated by HSBC

Standard Chartered PLC with EPIC/TICKER (LON:STAN) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at HSBC. Standard Chartered PLC are listed in the Financials sector within UK Main Market. HSBC have set a target price of 590 GBX on its stock. This would imply the analyst believes there is a potential downside of -4.3% from the opening price of 616.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 12.3 points and increased 25.6 points respectively. The 52 week high for the share price is currently at 787.3 GBX while the 52 week low for the stock is 514.2 GBX.

Standard Chartered PLC has a 50 day moving average of 625.83 GBX and a 200 day moving average of 633.43. There are currently 3,309,595,727 shares in issue with the average daily volume traded being 6,890,545. Market capitalisation for LON:STAN is £20,309,330,525 GBP.