Brokerages Set Standard Chartered PLC (LON:STAN) Price Target at GBX 1,073.33

Shares of Standard Chartered PLC (LON:STAN) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,073.33 ($13.89).

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 970 ($12.56) price target on shares of Standard Chartered in a research note on Monday, February 24th. Citigroup raised their price target on shares of Standard Chartered from GBX 1,170 ($15.14) to GBX 1,250 ($16.18) and gave the stock a “neutral” rating in a report on Thursday, March 6th.

Standard Chartered Stock Down 1.2 %

Shares of Standard Chartered stock opened at GBX 1,147.50 ($14.85) on Friday. The stock has a market cap of £34.65 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 0.80 and a beta of 0.85. Standard Chartered has a twelve month low of GBX 635.20 ($8.22) and a twelve month high of GBX 1,281 ($16.58). The company’s fifty day moving average is GBX 1,148.80 and its 200 day moving average is GBX 985.77.

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 given a dividend of $0.28 per share. This is an increase from Standard Chartered’s previous dividend of $0.09. The ex-dividend date is Thursday, March 27th. This represents a dividend yield of 1.79%. Standard Chartered’s dividend payout ratio (DPR) is 20.71%.

Insider Activity at Standard Chartered

In other Standard Chartered news, insider Bill Winters sold 62,739 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of GBX 1,191 ($15.42), for a total value of £747,221.49 ($967,151.81). Insiders have sold 144,361 shares of company stock worth $122,238,845 in the last quarter. Company insiders own 1.43% of the company’s stock.

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.