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 changing hands. The stock had previously closed at GBX 836.60 ($10.86).
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Standard Chartered from GBX 1,000 ($12.98) to GBX 1,020 ($13.24) and gave the company an "overweight" rating in a research note 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 reissued a "buy" rating and set a GBX 1,100 ($14.28) price objective on shares of Standard Chartered in a research note 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 company's stock. According to data from MarketBeat, Standard Chartered has a consensus rating of "Moderate Buy" and a consensus target price of GBX 979.67 ($12.72).
Read Our Latest Research Report on STAN
Standard Chartered Stock Up 1.3 %
The firm has a market cap of £20.76 billion, a price-to-earnings ratio of 973.79, a PEG ratio of 0.80 and a beta of 0.85. The company has a 50-day moving average price of GBX 778.11 and a 200 day moving average price of GBX 743.92.
Standard Chartered Cuts Dividend
The firm also recently announced a dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, August 8th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 0.96%. Standard Chartered's dividend payout ratio (DPR) is presently 2,643.68%.
About Standard Chartered
(
Get Free Report)
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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