Standard Chartered (LON:STAN) Given New GBX 800 Price Target at Barclays

Standard Chartered (LON:STAN - Free Report) had its price objective raised by Barclays from GBX 750 ($9.42) to GBX 800 ($10.05) in a report published on Friday, Marketbeat reports. They currently have an equal weight rating on the financial services provider's stock.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods raised shares of Standard Chartered to a market perform rating and set a GBX 790 ($9.92) price objective for the company in a research note on Monday, February 12th. Shore Capital reiterated a buy rating on shares of Standard Chartered in a research note on Friday, February 23rd. Berenberg Bank raised their price objective on Standard Chartered from GBX 1,000 ($12.56) to GBX 1,050 ($13.19) and gave the company a buy rating in a research note on Friday, February 23rd. Jefferies Financial Group reaffirmed a buy rating and set a GBX 1,300 ($16.33) target price on shares of Standard Chartered in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Standard Chartered in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of GBX 951.33 ($11.95).

Standard Chartered Price Performance

STAN traded down GBX 1 ($0.01) during midday trading on Friday, hitting GBX 755 ($9.48). 9,172,047 shares of the company's stock traded hands, compared to its average volume of 7,962,157. The company has a market cap of £19.78 billion, a PE ratio of 898.81, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The stock's fifty day simple moving average is GBX 672.33 and its 200-day simple moving average is GBX 648.20. Standard Chartered has a one year low of GBX 571 ($7.17) and a one year high of GBX 767 ($9.63).

Standard Chartered Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, March 7th will be paid a $0.21 dividend. This is an increase from Standard Chartered's previous dividend of $0.06. The ex-dividend date is Thursday, March 7th. This represents a dividend yield of 2.74%. Standard Chartered's dividend payout ratio (DPR) is presently 2,500.00%.

Insider Transactions at Standard Chartered

In related news, insider Bill Winters sold 40,432 shares of the firm's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of GBX 655 ($8.23), for a total value of £264,829.60 ($332,658.71). Insiders own 0.31% of the company's stock.

Standard Chartered Company Profile

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.