Standard Chartered PLC (LON:STAN) Receives GBX 1,073.33 Average PT from Analysts

Shares of Standard Chartered PLC (LON:STAN) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,073.33 ($13.87).

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 970 ($12.53) target price on shares of Standard Chartered in a research note on Monday, February 24th. Citigroup boosted their price objective on Standard Chartered from GBX 1,170 ($15.12) to GBX 1,250 ($16.15) and gave the company a “neutral” rating in a research note on Thursday, March 6th.

Standard Chartered Stock Performance

Standard Chartered stock opened at GBX 1,180.39 ($15.25) on Friday. The firm has a market cap of £35.64 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.80 and a beta of 0.85. Standard Chartered has a 52-week low of GBX 635.20 ($8.21) and a 52-week high of GBX 1,281 ($16.55). The firm has a 50 day moving average price of GBX 1,138.84 and a two-hundred day moving average price of GBX 977.39.

Standard Chartered Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 19th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a dividend yield of 1.79%. This is a positive change from Standard Chartered’s previous dividend of $0.09. Standard Chartered’s dividend payout ratio is currently 20.71%.

Insider Transactions at Standard Chartered

In other Standard Chartered news, insider Bill Winters purchased 33,453 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was acquired at an average price of GBX 1,158 ($14.96) per share, for a total transaction of £387,385.74 ($500,563.04). Insiders have sold 144,361 shares of company stock valued at $122,238,845 in the last 90 days. 1.43% of the stock is currently owned by corporate insiders.

About Standard Chartered

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.