Standard Chartered PLC (LON:STAN - Get Free Report) shares fell 9.8% during trading on Thursday . The stock traded as low as GBX 999 ($12.77) and last traded at GBX 1,039.38 ($13.28). 646,990,750 shares were traded during mid-day trading, an increase of 2,485% from the average session volume of 25,029,953 shares. The stock had previously closed at GBX 1,152.50 ($14.73).
Analysts Set New Price Targets
A number of equities analysts have commented on STAN shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 970 ($12.39) target price on shares of Standard Chartered in a research note on Monday, February 24th. Citigroup boosted their target price on Standard Chartered from GBX 1,170 ($14.95) to GBX 1,250 ($15.97) and gave the company a "neutral" rating in a report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,073.33 ($13.71).
Check Out Our Latest Stock Report on Standard Chartered
Standard Chartered Trading Down 0.5 %
The stock 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. The firm's fifty day moving average is GBX 1,146.94 and its 200-day moving average is GBX 1,001.20.
Standard Chartered Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, March 27th will be paid a $0.28 dividend. This represents a yield of 1.79%. This is a boost from Standard Chartered's previous dividend of $0.09. The ex-dividend date is Thursday, March 27th. Standard Chartered's payout ratio is presently 20.71%.
Insider Buying and Selling
In other Standard Chartered news, insider Bill Winters bought 33,453 shares of Standard Chartered stock in a transaction dated Friday, March 14th. The stock was bought at an average price of GBX 1,158 ($14.80) per share, with a total value of £387,385.74 ($494,998.39). Insiders have sold a total of 144,361 shares of company stock worth $122,238,845 over the last ninety days. Company insiders own 1.43% of the company's stock.
About Standard Chartered
(
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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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