Standard Chartered PLC (LON:STAN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 678.06 ($8.49) and traded as high as GBX 743.20 ($9.30). Standard Chartered shares last traded at GBX 741.80 ($9.28), with a volume of 5,249,359 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on STAN shares. JPMorgan Chase & Co. raised their price objective on Standard Chartered from GBX 980 ($12.26) to GBX 990 ($12.39) and gave the company an “overweight” rating in a research note on Thursday, September 7th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,000 ($12.51) target price on shares of Standard Chartered in a report on Wednesday, July 5th. Finally, Shore Capital reissued a “buy” rating on shares of Standard Chartered in a research report on Friday, July 28th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Standard Chartered currently has an average rating of “Moderate Buy” and an average price target of GBX 934.17 ($11.69).
Standard Chartered Stock Performance
Standard Chartered Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, October 13th. Investors of record on Thursday, August 10th will be paid a dividend of $0.06 per share. This represents a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 10th. Standard Chartered’s dividend payout ratio (DPR) is 2,051.28%.
Standard Chartered Company Profile
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.
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