Standard Chartered PLC (LON:STAN – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 926.86 ($11.54).
Several equities analysts have weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a research report on Friday, February 23rd. Keefe, Bruyette & Woods raised Standard Chartered to a “market perform” rating and set a GBX 790 ($9.83) target price for the company in a research report on Monday, February 12th. Berenberg Bank lifted 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 research report on Friday, February 23rd. Finally, JPMorgan Chase & Co. lifted 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 research report on Thursday, April 11th.
Check Out Our Latest Research Report on STAN
Standard Chartered Trading Up 1.3 %
Standard Chartered Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, March 7th will be paid 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 40,432 shares of the business’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 transaction of £264,829.60 ($329,677.08). 0.31% of the stock is owned by company 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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