Standard Chartered PLC (LON:STAN - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 993.95 ($12.65) and traded as high as GBX 1,155 ($14.70). Standard Chartered shares last traded at GBX 1,145.37 ($14.58), with a volume of 5,358,164 shares traded.
Analyst Ratings Changes
Several research firms recently weighed in on STAN. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 970 ($12.35) price target on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup increased their price target on shares of Standard Chartered from GBX 1,170 ($14.89) to GBX 1,250 ($15.91) and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,073.33 ($13.66).
Read Our Latest Analysis on Standard Chartered
Standard Chartered Stock Down 0.5 %
The company's 50-day simple moving average is GBX 1,146.94 and its 200 day simple moving average is GBX 1,001.20. The company has a market capitalization of £28.15 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.80 and a beta of 0.85.
Standard Chartered Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, May 19th. Investors of record on Thursday, March 27th will be issued a $0.28 dividend. The ex-dividend date is Thursday, March 27th. This is a boost from Standard Chartered's previous dividend of $0.09. This represents a yield of 1.79%. Standard Chartered's dividend payout ratio is currently 20.71%.
Insider Buying and Selling at Standard Chartered
In related news, insider Bill Winters sold 62,739 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of GBX 1,191 ($15.16), for a total transaction of £747,221.49 ($951,147.52). Insiders have sold a total of 144,361 shares of company stock worth $122,238,845 over the last three months. Corporate insiders own 1.43% of the company's stock.
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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