Standard Chartered PLC (LON:STAN – Get Free Report)’s stock price reached a new 52-week high during trading on Friday after Barclays raised their price target on the stock from GBX 750 to GBX 800. Barclays currently has an equal weight rating on the stock. Standard Chartered traded as high as GBX 767 ($9.63) and last traded at GBX 760 ($9.55), with a volume of 628809250 shares changing hands. The stock had previously closed at GBX 756 ($9.50).
STAN has been the subject of several other reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,300 ($16.33) price objective on shares of Standard Chartered in a research report on Thursday, April 18th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Chartered in a research report on Thursday. Shore Capital reiterated a “buy” rating on shares of Standard Chartered in a research report on Friday, February 23rd. Keefe, Bruyette & Woods upgraded Standard Chartered to a “market perform” rating and set a GBX 790 ($9.92) price objective for the company in a research report on Monday, February 12th. Finally, Berenberg Bank increased their price objective on Standard Chartered from GBX 1,000 ($12.56) to GBX 1,050 ($13.19) and gave the stock a “buy” rating in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 951.33 ($11.95).
Get Our Latest Research Report on Standard Chartered
Insider Activity at Standard Chartered
Standard Chartered Price Performance
The stock has a 50-day moving average price of GBX 672.33 and a 200 day moving average price of GBX 648.20. The firm has a market cap of £19.78 billion, a price-to-earnings ratio of 898.81, a PEG ratio of 1.07 and a beta of 0.87.
Standard Chartered Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, May 17th. Investors 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 represents a dividend yield of 2.74%. This is a positive change from Standard Chartered’s previous dividend of $0.06. Standard Chartered’s dividend payout ratio (DPR) 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.
See Also
- Five stocks we like better than Standard Chartered
- Ride Out The Recession With These Dividend Kings
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Using the MarketBeat Stock Split Calculator
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
- Stock Dividend Cuts Happen Are You Ready?
- DraftKings Q1: Strong Customer Acquisition and Product Innovation
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.