Standard Chartered (LON:STAN) Sets New 12-Month High - Still a Buy?

Standard Chartered PLC (LON:STAN - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 866.20 ($11.23) and last traded at GBX 865.60 ($11.23), with a volume of 37974152 shares trading hands. The stock had previously closed at GBX 860.72 ($11.16).

Analysts Set New Price Targets

STAN has been the topic of several research analyst reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,100 ($14.27) price target on shares of Standard Chartered in a research report on Wednesday, August 21st. JPMorgan Chase & Co. raised their price target on Standard Chartered from GBX 1,000 ($12.97) to GBX 1,020 ($13.23) and gave the company an "overweight" rating in a research report on Thursday, August 1st. Finally, Citigroup reaffirmed a "neutral" rating on shares of Standard Chartered in a research report on Monday, September 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 979.67 ($12.70).

Standard Chartered Price Performance

The stock has a market cap of £21.21 billion, a P/E ratio of 995.17, a PEG ratio of 0.80 and a beta of 0.85. The business's 50 day simple moving average is GBX 786.83 and its 200 day simple moving average is GBX 747.49.

Standard Chartered Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, August 8th were paid a $0.09 dividend. This represents a dividend yield of 0.96%. The ex-dividend date was Thursday, August 8th. Standard Chartered's dividend payout ratio (DPR) is currently 2,643.68%.

Standard Chartered Company Profile

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.