Brokerages Set Standard Chartered PLC (LON:STAN) PT at GBX 1,073.33

Shares of Standard Chartered PLC (LON:STAN) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,028 ($13.62).

STAN has been the subject of a number of recent research reports. Citigroup increased their target price on Standard Chartered from GBX 1,170 ($15.50) to GBX 1,250 ($16.56) and gave the stock a “neutral” rating in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 970 ($12.85) price objective on shares of Standard Chartered in a report on Monday, February 24th.

Standard Chartered Stock Performance

Shares of Standard Chartered stock opened at GBX 1,074.50 ($14.24) on Wednesday. The firm has a market cap of £32.44 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The firm’s 50-day simple moving average is GBX 1,114.21 and its 200-day simple moving average is GBX 1,014.47. Standard Chartered has a twelve month low of GBX 664.80 ($8.81) and a twelve month high of GBX 1,281 ($16.97).

Standard Chartered Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, March 27th will be paid a $0.28 dividend. The ex-dividend date is Thursday, March 27th. This represents a yield of 1.79%. This is a positive change from Standard Chartered’s previous dividend of $0.09. Standard Chartered’s payout ratio is currently 20.71%.

Insider Transactions at Standard Chartered

In other news, insider Bill Winters sold 41,190 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 12 ($0.16), for a total transaction of £4,942.80 ($6,549.36). Over the last quarter, insiders have sold 144,361 shares of company stock worth $122,238,845. Insiders own 1.43% 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.