Jefferies Financial Group reiterated their buy rating on shares of Standard Chartered (LON:STAN – Free Report) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 1,300 ($16.18) price target on the financial services provider’s stock.
Several other equities analysts have also commented on STAN. Shore Capital reaffirmed a buy rating on shares of Standard Chartered in a report on Friday, February 23rd. Keefe, Bruyette & Woods upgraded Standard Chartered to a market perform rating and set a GBX 790 ($9.83) price objective for the company in a research report on Monday, February 12th. JPMorgan Chase & Co. boosted their price objective on Standard Chartered from GBX 850 ($10.58) to GBX 900 ($11.20) and gave the stock an overweight rating in a research report on Thursday, April 11th. Finally, Berenberg Bank boosted their price objective on Standard Chartered from GBX 1,000 ($12.45) to GBX 1,050 ($13.07) and gave the stock a buy rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of GBX 955.43 ($11.89).
View Our Latest Stock Report on Standard Chartered
Standard Chartered Trading Down 0.7 %
Standard Chartered Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, March 7th will be given a $0.21 dividend. This represents a yield of 2.74%. This is an increase from Standard Chartered’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 7th. Standard Chartered’s dividend payout ratio is 2,500.00%.
Insiders Place Their Bets
In other Standard Chartered news, insider Bill Winters sold 40,432 shares of the company’s 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 value of £264,829.60 ($329,677.08). 0.31% of the stock is currently owned by 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.
Read More
- Five stocks we like better than Standard Chartered
- 3 Monster Growth Stocks to Buy Now
- Comprehensive PepsiCo Stock Analysis
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- 5 Top Rated Dividend Stocks to Consider
- Bear Market Funds to Watch This Year
Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.