Shares of Standard Chartered PLC (LON:STAN – Get Free Report) have earned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 951.33 ($11.95).
STAN has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,300 ($16.33) target price on shares of Standard Chartered in a research note on Thursday, April 18th. Berenberg Bank lifted their price objective on shares of Standard Chartered from GBX 1,000 ($12.56) to GBX 1,050 ($13.19) and gave the stock a “buy” rating in a report on Friday, February 23rd. Shore Capital reissued a “buy” rating on shares of Standard Chartered in a research note on Friday, February 23rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Standard Chartered in a research report on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods upgraded Standard Chartered to a “market perform” rating and set a GBX 790 ($9.92) price objective for the company in a report on Monday, February 12th.
Read Our Latest Stock Report on Standard Chartered
Standard Chartered Stock Up 0.5 %
Standard Chartered Increases Dividend
The business also recently disclosed 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 of this dividend is Thursday, March 7th. Standard Chartered’s dividend payout ratio (DPR) is 2,359.55%.
Insider Activity
In other 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 ($8.23), for a total value of £264,829.60 ($332,700.50). 1.39% of the stock is currently owned by corporate insiders.
About Standard Chartered
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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