Standard Chartered (LON:STAN) Sets New 52-Week High - Should You Buy?

Standard Chartered PLC (LON:STAN - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 1,811.80 and last traded at GBX 1,806.50, with a volume of 27935025 shares. The stock had previously closed at GBX 1,794.50.Get Standard Chartered alerts:Analyst Ratings ChangesSeveral research firms have weighed in on STAN. Shore Capital reiterated a "hold" rating on shares of Standard Chartered in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Standard Chartered from GBX 1,770 to GBX 1,880 and gave the stock an "overweight" rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Standard Chartered has a consensus rating of "Hold" and an average target price of GBX 1,363.75.Get Our Latest Stock Analysis on Standard CharteredStandard Chartered Stock Up 0.7%The company's 50-day moving average is GBX 1,598.53 and its 200-day moving average is GBX 1,429.68. The stock has a market cap of £41.04 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. Standard Chartered Company Profile (Get Free Report)Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures. It offers retail products, such as deposits, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advice; and transaction banking services, such as cash management, working capital, and trade financing products.Featured ArticlesFive stocks we like better than Standard CharteredDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffElon Warns “America Is Broke”. Trump’s Plan Inside.Can Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Standard Chartered Right Now?Before you consider Standard Chartered, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Chartered wasn't on the list.While Standard Chartered currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here