Standard Chartered PLC (LON:STAN) Receives GBX 550.50 Consensus Price Target from Analysts


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Standard Chartered PLC (LON:STAN) has been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 566.75 ($7.40).

STAN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Standard Chartered from GBX 560 ($7.32) to GBX 670 ($8.75) and gave the stock a “buy” rating in a report on Monday, April 12th. Berenberg Bank upped their price target on Standard Chartered from GBX 550 ($7.19) to GBX 630 ($8.23) and gave the stock a “buy” rating in a report on Thursday, April 29th. Jefferies Financial Group restated a “buy” rating and issued a GBX 629 ($8.22) price target on shares of Standard Chartered in a report on Friday, April 23rd. Shore Capital restated a “hold” rating on shares of Standard Chartered in a report on Thursday, April 29th. Finally, Barclays restated an “underweight” rating on shares of Standard Chartered in a report on Thursday, April 15th.

Shares of LON:STAN traded down GBX 14.60 ($0.19) during trading on Thursday, reaching GBX 505 ($6.60). 7,490,112 shares of the stock were exchanged, compared to its average volume of 6,324,144. Standard Chartered has a 12-month low of GBX 334.25 ($4.37) and a 12-month high of GBX 533.20 ($6.97). The firm has a market cap of £15.75 billion and a price-to-earnings ratio of 25.25. The firm’s 50-day moving average price is GBX 494.40 and its 200 day moving average price is GBX 464.57.

The firm also recently announced a dividend, which will be paid on Thursday, May 20th. Stockholders of record on Thursday, March 4th will be paid a dividend of $0.09 per share. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, March 4th. Standard Chartered’s dividend payout ratio (DPR) is currently 0.45%.

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 Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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