Standard Chartered PLC (LON:STAN) Receives GBX 926.86 Consensus PT from Analysts

Shares of Standard Chartered PLC (LON:STAN) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 926.86 ($11.54).

STAN has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised Standard Chartered to a “market perform” rating and set a GBX 790 ($9.83) price objective on the stock in a research note on Monday, February 12th. JPMorgan Chase & Co. raised their target price on Standard Chartered from GBX 850 ($10.58) to GBX 900 ($11.20) and gave the company an “overweight” rating in a report on Thursday, April 11th. Berenberg Bank raised their target price on Standard Chartered from GBX 1,000 ($12.45) to GBX 1,050 ($13.07) and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Shore Capital reiterated a “buy” rating on shares of Standard Chartered in a report on Friday, February 23rd.

Insiders Place Their Bets

In other Standard Chartered news, insider Bill Winters sold 40,432 shares of Standard Chartered stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of GBX 655 ($8.15), for a total transaction of £264,829.60 ($329,677.08). 0.31% of the stock is owned by company insiders.

Standard Chartered Price Performance

LON STAN opened at GBX 643.20 ($8.01) on Monday. The firm has a market capitalization of £16.85 billion, a P/E ratio of 765.71, a P/E/G ratio of 1.07 and a beta of 0.87. Standard Chartered has a 1-year low of GBX 571 ($7.11) and a 1-year high of GBX 766.60 ($9.54). The business’s 50-day simple moving average is GBX 650.82 and its 200-day simple moving average is GBX 652.53.

Standard Chartered Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from Standard Chartered’s previous dividend of $0.06. This represents a yield of 2.74%. Standard Chartered’s payout ratio is currently 2,500.00%.

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.