Jefferies Financial Group restated their buy rating on shares of Standard Chartered (LON:STAN – Free Report) in a research note released on Thursday morning, MarketBeat.com reports. The brokerage currently has a GBX 1,300 ($16.18) target price on the financial services provider’s stock.
Several other research analysts have also issued reports on STAN. Berenberg Bank increased their price target 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 research report on Friday, February 23rd. JPMorgan Chase & Co. increased their price target on shares of Standard Chartered from GBX 850 ($10.58) to GBX 900 ($11.20) and gave the stock an overweight rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods raised shares of Standard Chartered to a market perform rating and set a GBX 790 ($9.83) price target for the company in a research report on Monday, February 12th. Finally, Shore Capital reaffirmed a buy rating on shares of Standard Chartered in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of GBX 955.43 ($11.89).
Read Our Latest Stock Analysis on STAN
Standard Chartered Stock Down 0.7 %
Standard Chartered Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, May 17th. Stockholders 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. This represents a dividend yield of 2.74%. The ex-dividend date is Thursday, March 7th. Standard Chartered’s dividend payout ratio is 2,500.00%.
Insider Buying and Selling at Standard Chartered
In other Standard Chartered 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). 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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