Standard Chartered PLC (LON:STAN) Given Average Recommendation of “Moderate Buy” by Brokerages

Standard Chartered PLC (LON:STAN) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 919.71 ($11.62).

A number of research firms recently issued reports on STAN. Keefe, Bruyette & Woods raised Standard Chartered to a “market perform” rating and set a GBX 790 ($9.98) target price on the stock in a research report on Monday, February 12th. Shore Capital reissued a “buy” rating on shares of Standard Chartered in a research report on Friday, February 23rd. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 850 ($10.74) price target on shares of Standard Chartered in a research report on Monday, February 26th. Finally, Berenberg Bank boosted their price target on Standard Chartered from GBX 1,000 ($12.64) to GBX 1,050 ($13.27) and gave the stock a “buy” rating in a research report on Friday, February 23rd.

Insiders Place Their Bets

In other Standard Chartered news, insider Bill Winters sold 40,432 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of GBX 655 ($8.28), for a total transaction of £264,829.60 ($334,676.61). Corporate insiders own 0.32% of the company’s stock.

Standard Chartered Stock Performance

LON:STAN opened at GBX 679.20 ($8.58) on Thursday. The stock’s 50-day simple moving average is GBX 626.95 and its 200 day simple moving average is GBX 659.71. The company has a market cap of £17.80 billion, a P/E ratio of 808.57, a P/E/G ratio of 0.92 and a beta of 0.87. Standard Chartered has a 52-week low of GBX 571 ($7.22) and a 52-week high of GBX 766.60 ($9.69).

Standard Chartered Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, March 7th will be paid a $0.21 dividend. 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 payout ratio is 2,500.00%.

Standard Chartered Company Profile

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.