Standard Chartered PLC (LON:STAN) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Standard Chartered PLC (LON:STAN - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 926.86 ($11.54).

STAN has been the topic of several research analyst reports. Shore Capital reiterated a "buy" rating on shares of Standard Chartered in a research report on Friday, February 23rd. JPMorgan Chase & Co. lifted their target price on shares of Standard Chartered from GBX 850 ($10.58) to GBX 900 ($11.20) and gave the company an "overweight" rating in a research report on Thursday. Keefe, Bruyette & Woods upgraded shares of Standard Chartered to a "market perform" rating and set a GBX 790 ($9.83) target price on the stock in a research report on Monday, February 12th. Finally, Berenberg Bank lifted their target price on shares of Standard Chartered from GBX 1,000 ($12.45) to GBX 1,050 ($13.07) and gave the company a "buy" rating in a research report on Friday, February 23rd.

Insider Buying and Selling at Standard Chartered

In other Standard Chartered news, insider Bill Winters sold 40,432 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of GBX 655 ($8.15), for a total value of £264,829.60 ($329,677.08). 0.31% of the stock is currently owned by company insiders.

Standard Chartered Price Performance

Shares of LON:STAN traded up GBX 2 ($0.02) during trading hours on Monday, hitting GBX 664.80 ($8.28). The company's stock had a trading volume of 6,211,428 shares, compared to its average volume of 7,957,859. Standard Chartered has a 52 week low of GBX 571 ($7.11) and a 52 week high of GBX 766.60 ($9.54). The company has a market capitalization of £17.42 billion, a price-to-earnings ratio of 791.43, a P/E/G ratio of 1.07 and a beta of 0.87. The firm's fifty day moving average price is GBX 649.04 and its 200 day moving average price is GBX 653.43.

Standard Chartered Increases Dividend

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

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.