Standard Chartered - STAN Share Forecast, Price & News

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management products and services that include investments, portfolio management, insurance, and wealth advices; and transaction banking services, such as cash management, working capital, and trade financing products. The company also provides financial markets products and services that comprise project and transportation financing, debt capital markets and leveraged financing, financing and securities services, and sales and structuring services, as well as macro, commodities, and credit trading services. In addition, it offers digital banking solutions. The company serves financial institutions, governments, banks, investors, corporations, small businesses, and individuals. It operates through approximately 776 branches. The company was founded in 1853 and is headquartered in London, the United Kingdom.

Standard Chartered Trading Down 1.4 %

STAN Stock opened at GBX 597.60 ($7.22) on Tuesday. The company's 50 day moving average is GBX 593.90 and its 200 day moving average is GBX 558.74. The stock has a market cap of £17.73 billion and a price-to-earnings ratio of 1,067.14. Standard Chartered has a 1-year low of GBX 406.20 ($4.91) and a 1-year high of GBX 641 ($7.75).

Standard Chartered Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, August 11th will be paid a $0.04 dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend is Thursday, August 11th. Standard Chartered's dividend payout ratio is currently 21.43%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STAN shares. Barclays upped their price target on Standard Chartered from GBX 780 ($9.42) to GBX 800 ($9.67) and gave the company an "equal weight" rating in a research report on Thursday, August 4th. Shore Capital reiterated a "buy" rating on shares of Standard Chartered in a research report on Friday, July 29th. Morgan Stanley reiterated an "equal weight" rating on shares of Standard Chartered in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Standard Chartered from GBX 800 ($9.67) to GBX 900 ($10.87) and gave the stock a "buy" rating in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Standard Chartered from GBX 690 ($8.34) to GBX 730 ($8.82) and gave the stock an "overweight" rating in a research report on Thursday, May 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 795 ($9.61).

Insiders Place Their Bets

In other news, insider Shirish Moreshwar Apte bought 2,000 shares of the business's stock in a transaction on Monday, May 30th. The stock was acquired at an average price of GBX 630 ($7.61) per share, with a total value of £12,600 ($15,224.75).