Shares of Standard Chartered PLC (LON:STAN – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 649.98 ($8.03) and traded as high as GBX 690.40 ($8.53). Standard Chartered shares last traded at GBX 682.80 ($8.43), with a volume of 5,475,316 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Shore Capital restated a “buy” rating on shares of Standard Chartered in a research note on Friday, February 23rd. Keefe, Bruyette & Woods upgraded Standard Chartered to a “market perform” rating and set a GBX 790 ($9.76) target price for the company in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their target price on Standard Chartered from GBX 850 ($10.50) to GBX 900 ($11.12) and gave the company an “overweight” rating in a research note on Thursday, April 11th. Berenberg Bank lifted their target price on Standard Chartered from GBX 1,000 ($12.35) to GBX 1,050 ($12.97) and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,300 ($16.06) price target on shares of Standard Chartered in a report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 964.67 ($11.92).
View Our Latest Stock Analysis on STAN
Standard Chartered Price Performance
Standard Chartered Increases Dividend
The company also recently announced 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. This is a boost from Standard Chartered’s previous dividend of $0.06. The ex-dividend date is Thursday, March 7th. This represents a yield of 2.74%. Standard Chartered’s payout ratio is presently 2,500.00%.
Insider Buying and Selling
In related news, insider Bill Winters sold 24,101 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of GBX 665 ($8.21), for a total transaction of £160,271.65 ($197,963.99). 0.31% of the stock is 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.
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