Shares of Standard Chartered PLC (LON:STAN – Get Rating) have been given a consensus rating of “Buy” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 612.71 ($7.97).
STAN has been the topic of several recent research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 640 ($8.33) target price on shares of Standard Chartered in a report on Tuesday, March 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Standard Chartered from GBX 610 ($7.94) to GBX 620 ($8.07) and gave the stock a “buy” rating in a report on Wednesday, March 16th. Barclays reiterated an “equal weight” rating and set a GBX 700 ($9.11) target price on shares of Standard Chartered in a report on Wednesday. Shore Capital reiterated a “buy” rating on shares of Standard Chartered in a report on Thursday, March 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Standard Chartered from GBX 660 ($8.59) to GBX 610 ($7.94) and set an “overweight” rating for the company in a research report on Monday, March 14th.
In related news, insider Bill Winters sold 13,271 shares of the stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of GBX 483 ($6.28), for a total value of £64,098.93 ($83,396.99). Also, insider Andrew Nigel (Andy) Halford sold 14,120 shares of the stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of GBX 492 ($6.40), for a total transaction of £69,470.40 ($90,385.64). Over the last three months, insiders have sold 36,608 shares of company stock valued at $18,048,386.
The company also recently declared a dividend, which will be paid on Thursday, May 12th. Shareholders of record on Thursday, February 24th will be given a dividend of $0.09 per share. This represents a dividend yield of 1.21%. This is a positive change from Standard Chartered’s previous dividend of $0.03. The ex-dividend date is Thursday, February 24th. Standard Chartered’s dividend payout ratio is presently 0.26%.
Standard Chartered Company Profile (Get Rating)
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.
- 3 Legendary Low-Beta Stocks Set to Outperform
- Affirm Stock Has Affirmed a Bottom
- 3 Ways to Invest in 5G Growth
- Sell-Side Activity Drives Proctor & Gamble Higher
- Google Upgraded Ahead Of Earnings
Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.