Standard Chartered (LON:STAN) Stock Price Crosses Above 200 Day Moving Average of $659.71

Shares of Standard Chartered PLC (LON:STAN) crossed 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

Several research firms have recently weighed in on STAN. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 850 ($10.74) price objective on shares of Standard Chartered in a research note on Monday, February 26th. Shore Capital reissued a “buy” rating on shares of Standard Chartered in a research note on Friday, February 23rd. Keefe, Bruyette & Woods raised Standard Chartered to a “market perform” rating and set a GBX 790 ($9.98) price objective for the company in a research note on Monday, February 12th. Finally, Berenberg Bank raised their price objective on 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 919.71 ($11.62).

Standard Chartered Stock Down 1.1 %

The stock has a market cap of £17.59 billion, a price-to-earnings ratio of 799.29, a PEG ratio of 0.92 and a beta of 0.87. The business has a 50-day moving average of GBX 626.95 and a 200-day moving average of GBX 659.71.

Standard Chartered Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, March 7th will be issued a dividend of $0.21 per share. This is a positive change from Standard Chartered’s previous dividend of $0.06. This represents a yield of 2.74%. The ex-dividend date of this dividend is Thursday, March 7th. Standard Chartered’s dividend payout ratio (DPR) is 2,500.00%.

Insider Transactions at Standard Chartered

In other news, insider Bill Winters sold 40,432 shares of Standard Chartered stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of GBX 655 ($8.28), for a total value of £264,829.60 ($334,676.61). 0.32% of the stock is currently owned by corporate insiders.

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.