Standard Chartered (LON:STAN - Free Report) had its target price lifted by JPMorgan Chase & Co. from GBX 850 ($10.76) to GBX 900 ($11.39) in a report released on Thursday, Marketbeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider's stock.
Several other equities analysts have also commented on the company. Berenberg Bank upped their price target on Standard Chartered from GBX 1,000 ($12.66) to GBX 1,050 ($13.29) and gave the company a buy rating in a research note on Friday, February 23rd. Shore Capital reiterated a buy rating on shares of Standard Chartered in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods raised shares of Standard Chartered to a market perform rating and set a GBX 790 ($10.00) price objective for the company in a research report on Monday, February 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of GBX 926.86 ($11.73).
Get Our Latest Stock Report on STAN
Standard Chartered Price Performance
Shares of STAN traded down GBX 13.40 ($0.17) during mid-day trading on Thursday, reaching GBX 666 ($8.43). The stock had a trading volume of 11,028,021 shares, compared to its average volume of 7,857,641. Standard Chartered has a 52-week low of GBX 571 ($7.23) and a 52-week high of GBX 766.60 ($9.70). The firm has a market cap of £17.45 billion, a price-to-earnings ratio of 792.86, a P/E/G ratio of 1.07 and a beta of 0.87. The business's fifty day moving average is GBX 646.27 and its 200 day moving average is GBX 656.05.
Standard Chartered Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, March 7th will be given a $0.21 dividend. This represents a yield of 2.74%. The ex-dividend date is Thursday, March 7th. This is a boost from Standard Chartered's previous dividend of $0.06. Standard Chartered's dividend payout ratio (DPR) is currently 2,500.00%.
Insiders Place Their Bets
In related news, insider Bill Winters sold 40,432 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of GBX 655 ($8.29), for a total value of £264,829.60 ($335,184.91). Insiders own 0.31% of the company's stock.
About Standard Chartered
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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.
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