Shares of Standard Chartered PLC (LON:STAN – Get Free Report) have received a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 955.43 ($11.89).
A number of analysts recently weighed in on the stock. Shore Capital restated a “buy” rating on shares of Standard Chartered in a report on Friday, February 23rd. JPMorgan Chase & Co. raised their target price on shares of Standard Chartered from GBX 850 ($10.58) to GBX 900 ($11.20) and gave the stock an “overweight” rating in a report on Thursday, April 11th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,300 ($16.18) target price on shares of Standard Chartered in a report on Thursday. Keefe, Bruyette & Woods upgraded shares of Standard Chartered to a “market perform” rating and set a GBX 790 ($9.83) target price for the company in a report on Monday, February 12th. Finally, Berenberg Bank raised their target price on shares of Standard Chartered from GBX 1,000 ($12.45) to GBX 1,050 ($13.07) and gave the stock a “buy” rating in a report on Friday, February 23rd.
Check Out Our Latest Research Report on Standard Chartered
Standard Chartered Stock Performance
Standard Chartered Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, March 7th will be paid a $0.21 dividend. This is a positive change 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 dividend payout ratio (DPR) is currently 2,500.00%.
Insider Buying and Selling
In related news, insider Bill Winters sold 40,432 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of GBX 655 ($8.15), for a total value of £264,829.60 ($329,677.08). Company insiders own 0.31% of the company’s stock.
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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