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Standard Chartered PLC 44.7% 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 1020 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 44.7% from the opening price of 704.8 GBX. Over the last 30 and 90 trading days the company share price has increased 42.2 points and increased 94.8 points respectively. The 1 year high stock price is 742.6 GBX while the 52 week low for the share price is 570.7 GBX.

Standard Chartered PLC has a 50 day moving average of 686.15 GBX and a 200 Day Moving Average share price is recorded at 670.72. There are currently 3,196,211,847 shares in issue with the average daily volume traded being 7,605,812. Market capitalisation for LON:STAN is £22,532,656,275 GBP.