Standard Chartered (LON:STAN) Shares Pass Above 200 Day Moving Average - Time to Sell?

Standard Chartered PLC (LON:STAN - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,006.04 ($13.38) and traded as high as GBX 1,030.19 ($13.70). Standard Chartered shares last traded at GBX 1,025 ($13.63), with a volume of 9,327,281 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on STAN shares. Citigroup increased their target price on Standard Chartered from GBX 1,170 ($15.56) to GBX 1,250 ($16.63) and gave the company a "neutral" rating in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 970 ($12.90) target price on shares of Standard Chartered in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of GBX 1,028 ($13.67).

Standard Chartered Price Performance

The firm has a 50-day simple moving average of GBX 1,118.36 and a 200-day simple moving average of GBX 1,011.05. The firm has a market capitalization of £30.62 billion, a PE ratio of 9.13, a PEG 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 issued a $0.28 dividend. This is an increase from Standard Chartered's previous dividend of $0.09. The ex-dividend date is Thursday, March 27th. This represents a dividend yield of 1.79%. Standard Chartered's dividend payout ratio (DPR) is presently 20.71%.

Insider Buying and Selling at Standard Chartered

In other Standard Chartered news, insider Bill Winters sold 41,190 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of GBX 12 ($0.16), for a total value of £4,942.80 ($6,574.62). Over the last ninety days, insiders sold 144,361 shares of company stock valued at $122,238,845. Insiders own 1.43% 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.