Standard Chartered PLC (LON:STAN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 993.95 ($12.81) and traded as high as GBX 1,155 ($14.89). Standard Chartered shares last traded at GBX 1,145.37 ($14.76), with a volume of 5,358,164 shares traded.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Citigroup boosted their price target on Standard Chartered from GBX 1,170 ($15.08) to GBX 1,250 ($16.11) and gave the stock a "neutral" rating in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 970 ($12.50) price objective on shares of Standard Chartered in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,073.33 ($13.84).
Read Our Latest Stock Analysis on STAN
Standard Chartered Stock Performance
The firm has a market capitalization of £28.50 billion, a PE ratio of 8.50, a PEG ratio of 0.80 and a beta of 0.85. The company has a fifty day moving average price of GBX 1,149.52 and a 200-day moving average price of GBX 999.90.
Standard Chartered Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, May 19th. Investors of record on Thursday, March 27th will be paid a dividend of $0.28 per share. This is an increase from Standard Chartered's previous dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 1.79%. Standard Chartered's dividend payout ratio is presently 20.71%.
Insider Buying and Selling at Standard Chartered
In related news, insider Bill Winters purchased 33,453 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of GBX 1,158 ($14.93) per share, for a total transaction of £387,385.74 ($499,337.12). Insiders sold 144,361 shares of company stock worth $122,238,845 over the last 90 days. 1.43% of the stock is owned by insiders.
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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