Standard Chartered (LON:STAN) Given Neutral Rating at Citigroup

Posted by Defense World Staff on Sep 3rd, 2024

Citigroup reiterated their neutral rating on shares of Standard Chartered (LON:STAN – Free Report) in a report released on Monday morning, MarketBeat Ratings reports.

Other equities analysts have also recently issued research reports about the company. Berenberg Bank restated a buy rating and issued a GBX 1,100 ($14.46) price target on shares of Standard Chartered in a report on Wednesday, August 21st. JPMorgan Chase & Co. increased their target price on Standard Chartered from GBX 1,000 ($13.15) to GBX 1,020 ($13.41) and gave the company an overweight rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Standard Chartered has an average rating of Moderate Buy and a consensus target price of GBX 979.67 ($12.88).

View Our Latest Analysis on Standard Chartered

Standard Chartered Stock Performance

STAN opened at GBX 771.40 ($10.14) on Monday. The firm has a 50 day moving average price of GBX 732.48 and a 200 day moving average price of GBX 711.73. The company has a market cap of £19.29 billion, a PE ratio of 896.98, a price-to-earnings-growth ratio of 0.89 and a beta of 0.87. Standard Chartered has a 1 year low of GBX 571 ($7.51) and a 1 year high of GBX 796 ($10.47).

Standard Chartered Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, August 8th will be given a $0.09 dividend. This represents a yield of 0.96%. The ex-dividend date of this dividend is Thursday, August 8th. Standard Chartered’s dividend payout ratio is presently 2,790.70%.

Standard Chartered Company Profile

(Get Free Report)

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.