Standard Chartered PLC (LON:STAN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,054.35 ($14.08) and traded as high as GBX 1,163 ($15.53). Standard Chartered shares last traded at GBX 1,152.01 ($15.39), with a volume of 6,783,560 shares trading hands.
Wall Street Analysts Forecast Growth
STAN has been the topic of a number of analyst reports. Shore Capital reaffirmed a "buy" rating on shares of Standard Chartered in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 970 ($12.96) price objective on shares of Standard Chartered in a research note on Monday, February 24th. Finally, Citigroup upped their price objective on shares of Standard Chartered from GBX 1,170 ($15.63) to GBX 1,250 ($16.70) and gave the company a "neutral" rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,085 ($14.49).
Read Our Latest Analysis on Standard Chartered
Standard Chartered Price Performance
The business's fifty day moving average is GBX 1,080.31 and its 200-day moving average is GBX 1,054.35. The firm has a market cap of £34.95 billion, a PE ratio of 10.42, a P/E/G ratio of 0.80 and a beta of 0.85.
Standard Chartered Increases Dividend
The business also recently disclosed a dividend, which was paid on Monday, May 19th. Investors of record on Thursday, March 27th were issued a dividend of $0.28 per share. This represents a yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from Standard Chartered's previous dividend of $0.09. Standard Chartered's dividend payout ratio (DPR) is 20.71%.
Insider Buying and Selling
In other news, insider Bill Winters sold 62,739 shares of Standard Chartered stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of GBX 1,191 ($15.91), for a total value of £747,221.49 ($998,025.23). Over the last 90 days, insiders sold 144,361 shares of company stock worth $122,238,845. Insiders own 1.43% of the company's stock.
About Standard Chartered
(
Get Free Report)
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.
See Also
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