Standard Chartered PLC (LON:STAN - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 659.71 ($8.34) and traded as high as GBX 683.80 ($8.64). Standard Chartered shares last traded at GBX 671.40 ($8.48), with a volume of 6,498,307 shares changing hands.
Wall Street Analyst Weigh In
STAN has been the topic of a number of research reports. Keefe, Bruyette & Woods raised Standard Chartered to a "market perform" rating and set a GBX 790 ($9.98) price target on the stock in a report on Monday, February 12th. Shore Capital reiterated a "buy" rating on shares of Standard Chartered in a research note on Friday, February 23rd. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 850 ($10.74) price target on shares of Standard Chartered in a report on Monday, February 26th. Finally, Berenberg Bank upped their price target on shares of Standard Chartered from GBX 1,000 ($12.64) to GBX 1,050 ($13.27) and gave the stock a "buy" rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 919.71 ($11.62).
Check Out Our Latest Stock Report on Standard Chartered
Standard Chartered Stock Down 1.1 %
The company has a 50 day moving average of GBX 630.75 and a 200 day moving average of GBX 659.48. The stock has a market capitalization of £17.59 billion, a price-to-earnings ratio of 799.29, a price-to-earnings-growth ratio of 0.92 and a beta of 0.87.
Standard Chartered Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, March 7th will be issued a $0.21 dividend. This represents a dividend yield of 2.74%. This is an increase from Standard Chartered's previous dividend of $0.06. The ex-dividend date is Thursday, March 7th. Standard Chartered's dividend payout ratio (DPR) is 2,500.00%.
Insider Buying and Selling
In other news, insider Bill Winters sold 40,432 shares of the firm's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of GBX 655 ($8.28), for a total value of £264,829.60 ($334,676.61). Corporate insiders own 0.32% of the company's stock.
Standard Chartered Company Profile
(
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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.
Further Reading
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