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Standard Chartered PLC 46.4% Potential Upside Indicated by Goldman Sachs

Standard Chartered PLC with EPIC/TICKER (LON:STAN) 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 a target price of 1000 GBX on its stock. This would imply the analyst believes there is now a potential upside of 46.4% from the opening price of 683 GBX. Over the last 30 and 90 trading days the company share price has decreased 5.8 points and increased 76.4 points respectively. The 1 year high for the share price is 742.6 GBX while the 52 week low is 573.8 GBX.

Standard Chartered PLC has a 50 day moving average of 690.05 GBX and a 200 Day Moving Average share price is recorded at 672.86. There are currently 3,196,211,847 shares in issue with the average daily volume traded being 7,099,602. Market capitalisation for LON:STAN is £21,766,196,910 GBP.