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Brokerages Set Standard Chartered PLC (LON:STAN) Price Target at GBX 979.67

Standard Chartered logo with Financial Services background

Standard Chartered PLC (LON:STAN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 979.67 ($12.82).

A number of research firms have weighed in on STAN. Berenberg Bank reissued a "buy" rating and set a GBX 1,100 ($14.40) target price on shares of Standard Chartered in a research report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price target on Standard Chartered from GBX 1,000 ($13.09) to GBX 1,020 ($13.35) and gave the stock an "overweight" rating in a report on Thursday, August 1st. Finally, Citigroup reiterated a "neutral" rating on shares of Standard Chartered in a research note on Monday, September 2nd.

Check Out Our Latest Analysis on Standard Chartered

Standard Chartered Stock Performance

Shares of Standard Chartered stock traded up GBX 12.60 ($0.16) on Monday, hitting GBX 840.60 ($11.00). The stock had a trading volume of 6,924,025 shares, compared to its average volume of 12,044,326. The firm has a market capitalization of £20.68 billion, a P/E ratio of 988.94, a PEG ratio of 0.89 and a beta of 0.85. The stock has a 50 day moving average of GBX 753.04 and a 200 day moving average of GBX 731.02. Standard Chartered has a twelve month low of GBX 571 ($7.47) and a twelve month high of GBX 843.80 ($11.04).

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 given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a yield of 0.96%. Standard Chartered's payout ratio is 2,823.53%.

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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Analyst Recommendations for Standard Chartered (LON:STAN)

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