Shares of Standard Chartered PLC (LON:STAN – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 847.20 ($11.00) and last traded at GBX 847.20 ($11.00), with a volume of 4990964 shares traded. The stock had previously closed at GBX 836.60 ($10.86).
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Standard Chartered from GBX 1,000 ($12.98) to GBX 1,020 ($13.24) and gave the company an “overweight” rating in a report on Thursday, August 1st. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research note on Monday, September 2nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,100 ($14.28) target price on shares of Standard Chartered in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 979.67 ($12.72).
Read Our Latest Report on STAN
Standard Chartered Stock Performance
Standard Chartered Cuts Dividend
The firm also recently announced a dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, August 8th were given a dividend of $0.09 per share. This represents a yield of 0.96%. The ex-dividend date of this dividend was Thursday, August 8th. Standard Chartered’s dividend payout ratio (DPR) is presently 2,643.68%.
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.
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