Standard Chartered (LON:STAN) Stock Passes Above 200-Day Moving Average - What's Next?

Standard Chartered PLC (LON:STAN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,038.62 ($13.78) and traded as high as GBX 1,081.60 ($14.35). Standard Chartered shares last traded at GBX 1,074.44 ($14.25), with a volume of 4,698,361 shares changing hands.

Analyst Upgrades and Downgrades

STAN has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 970 ($12.87) price target on shares of Standard Chartered in a report on Monday, February 24th. Shore Capital reaffirmed a "buy" rating on shares of Standard Chartered in a report on Friday, May 2nd. Finally, Citigroup increased their price objective on Standard Chartered from GBX 1,170 ($15.52) to GBX 1,250 ($16.58) and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,085 ($14.39).

Standard Chartered Stock Up 0.4%

The firm has a 50 day moving average of GBX 1,080.37 and a two-hundred day moving average of GBX 1,045.21. The firm has a market capitalization of £34.69 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.

Standard Chartered Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 19th. Investors of record on Thursday, March 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Standard Chartered's previous dividend of $0.09. This represents a yield of 1.79%. Standard Chartered's dividend payout ratio (DPR) is 20.71%.

Insider Activity

In other Standard Chartered news, insider Bill Winters bought 33,453 shares of the stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of GBX 1,158 ($15.36) per share, for a total transaction of £387,385.74 ($513,910.51). Over the last three months, insiders have sold 144,361 shares of company stock valued at $122,238,845. 1.43% of the stock is currently owned by corporate insiders.

About Standard Chartered

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.