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Standard Chartered PLC 52.1% Potential Upside Indicated by Goldman Sachs

Standard Chartered PLC with EPIC/TICKER (LON:STAN) had its stock rating noted as ‘Reiterates’ 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 925 GBX on its stock. This indicates the analyst now believes there is a potential upside of 52.1% from the opening price of 608.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 19.1 points and increased 19.2 points respectively. The 1 year high for the stock price is 788.4 GBX while the 52 week low is 514.2 GBX.

Standard Chartered PLC has a 50 day moving average of 625.38 GBX and a 200 Day Moving Average share price is recorded at 636.76. There are currently 3,309,595,727 shares in issue with the average daily volume traded being 6,689,602. Market capitalisation for LON:STAN is £20,221,631,560 GBP.