Standard Chartered (LON:STAN) Sets New 52-Week High at $802.06

Standard Chartered PLC (LON:STAN - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 802.06 ($10.74) and last traded at GBX 798.60 ($10.69), with a volume of 78328703 shares traded. The stock had previously closed at GBX 763.20 ($10.22).

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup reaffirmed a "neutral" rating on shares of Standard Chartered in a research note on Monday, September 2nd. Berenberg Bank reiterated a "buy" rating and set a GBX 1,100 ($14.73) price target on shares of Standard Chartered in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upped their price target on Standard Chartered from GBX 1,000 ($13.39) to GBX 1,020 ($13.66) and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Standard Chartered has an average rating of "Moderate Buy" and a consensus price target of GBX 979.67 ($13.12).

Standard Chartered Price Performance

The company has a market capitalization of £19.85 billion, a PE ratio of 904.65, a P/E/G ratio of 0.84 and a beta of 0.85. The business has a 50-day moving average of GBX 744.67 and a 200 day moving average of GBX 725.13.

Standard Chartered Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, August 8th will be issued a $0.09 dividend. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, August 8th. Standard Chartered's payout ratio is 2,790.70%.

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.