Standard Chartered PLC (STAN) To Go Ex-Dividend on August 8th

Standard Chartered PLC (LON:STAN) declared a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 8th will be given a dividend of $0.09 per share by the financial services provider on Thursday, October 10th. This represents a yield of 0.96%. The ex-dividend date of this dividend is Thursday, August 8th. The official announcement can be viewed at this link.

Standard Chartered Price Performance

Standard Chartered stock opened at GBX 750 ($9.65) on Thursday. The company has a market cap of £19.13 billion, a PE ratio of 850.00, a P/E/G ratio of 1.06 and a beta of 0.83. The company has a fifty day moving average price of GBX 736.89 and a two-hundred day moving average price of GBX 688.15. Standard Chartered has a 12 month low of GBX 571 ($7.34) and a 12 month high of GBX 796 ($10.24).

Analysts Set New Price Targets

Several equities analysts have recently issued reports on STAN shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Standard Chartered in a report on Thursday, May 2nd. Citigroup restated a “neutral” rating on shares of Standard Chartered in a research note on Monday, July 8th. Barclays lifted their price objective on shares of Standard Chartered from GBX 750 ($9.65) to GBX 800 ($10.29) and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,300 ($16.72) price objective on shares of Standard Chartered in a research note on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 951.33 ($12.24).

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.