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Standard Chartered PLC 6.2% Potential Decrease Indicated by HSBC

Standard Chartered PLC using EPIC/TICKER code (LON:STAN) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘REDUCE’ 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 570 GBX on its stock. This would indicate that the analyst believes there is a downside of -6.2% from today’s opening price of 607.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 113.6 points and decreased 78.6 points respectively. The 1 year high for the stock price is 742.6 GBX while the 52 week low is 514.2 GBX.

Standard Chartered PLC has a 50 day moving average of 699.83 GBX and a 200 Day Moving Average share price is recorded at 651.54. There are currently 3,214,738,148 shares in issue with the average daily volume traded being 8,424,921. Market capitalisation for LON:STAN is £19,327,268,669 GBP.