Standard Chartered PLC (LON:STAN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 742.68 ($9.64) and traded as high as GBX 843.80 ($10.96). Standard Chartered shares last traded at GBX 836.60 ($10.86), with a volume of 3,106,172 shares.
Analyst Upgrades and Downgrades
STAN has been the topic of a number of research analyst reports. Berenberg Bank reissued a "buy" rating and set a GBX 1,100 ($14.28) price objective on shares of Standard Chartered in a report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their target price on Standard Chartered from GBX 1,000 ($12.98) to GBX 1,020 ($13.24) and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Finally, Citigroup reissued a "neutral" rating on shares of Standard Chartered in a 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 979.67 ($12.72).
Check Out Our Latest Research Report on STAN
Standard Chartered Price Performance
The business's 50-day moving average price is GBX 778.11 and its two-hundred day moving average price is GBX 743.92. The company has a market capitalization of £20.76 billion, a P/E ratio of 973.79, a PEG ratio of 0.80 and a beta of 0.85.
Standard Chartered Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, August 8th were given a dividend of $0.09 per share. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, August 8th. Standard Chartered's dividend payout ratio is currently 2,643.68%.
Standard Chartered Company Profile
(
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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