Standard Chartered stock (STAN) has shot up by more than 38% since December 14, 2021, to date. It has continued to rise despite the ongoing Russia-Ukraine tensions.
To help stock investors interested in investing in Standard Chartered stock (STAN), Invezz has created a brief article on what it is and where to buy it.
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Standard Chartered stock is the stock of Standard Chartered PLC and it trades on the London Stock exchange under the ticker LON: STAN.
The Standard Chartered Plc is a British multinational banking and financial services company. It is headquartered in London, England. It has operations in consumer, institutional, and corporate banking and treasury services.
Standard Chartered operates a network of more than 1,200 branches and outlets across more than 70 countries including in Africa. Despite being based in the UK, it does not conduct retail banking in the UK. Over 90% of its profits in the retail sector come from Africa, Asia, and the Middle East.
If you want to invest in the shares of one of the largest banking and financial companies, then the STAN stock could be a good choice.
Nonetheless, the stock could be heading to an overbought region that could force a pullback.
Analysts are keeping a keen eye on the events around the Russia-Ukraine dispute that is attracting the attention of the Western Countries including the UK where Standard Chartered is headquartered.
Standard Chartered stock has been on the rise for two months and analysts expect it to continue rallying and analysts have set their eyes on the £600 price target.
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