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

Shares of Standard Chartered PLC (LON:STAN) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 979.67 ($12.94).

A number of equities analysts have recently commented on STAN shares. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Monday, September 2nd. JPMorgan Chase & Co. boosted their target price on Standard Chartered from GBX 1,000 ($13.21) to GBX 1,020 ($13.47) and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,100 ($14.53) price target on shares of Standard Chartered in a research note on Wednesday, August 21st.

Standard Chartered Stock Up 0.6 %

Shares of Standard Chartered stock opened at GBX 780.20 ($10.31) on Thursday. The firm’s 50-day moving average price is GBX 739.69 and its two-hundred day moving average price is GBX 722.08. The company has a market capitalization of £19.43 billion, a price-to-earnings ratio of 891.03, a PEG ratio of 0.82 and a beta of 0.85. Standard Chartered has a 12-month low of GBX 571 ($7.54) and a 12-month high of GBX 796 ($10.52).

Standard Chartered Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, August 8th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, August 8th. This represents a yield of 0.96%. Standard Chartered’s dividend payout ratio is presently 2,758.62%.

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.