Standard Chartered (LON:STAN) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Standard Chartered PLC (LON:STAN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,006.04 ($13.38) and traded as high as GBX 1,030.19 ($13.70). Standard Chartered shares last traded at GBX 1,025 ($13.63), with a volume of 9,327,281 shares changing hands.

Analyst Ratings Changes

Several analysts recently commented on the stock. Citigroup increased their target price on shares of Standard Chartered from GBX 1,170 ($15.56) to GBX 1,250 ($16.62) and gave the company a "neutral" rating in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 970 ($12.90) target price 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 two have assigned a buy rating to the company. Based on data from MarketBeat.com, Standard Chartered has an average rating of "Hold" and an average price target of GBX 1,028 ($13.67).

Standard Chartered Trading Down 0.4 %

The company has a market capitalization of £30.62 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The firm has a 50-day simple moving average of GBX 1,118.36 and a two-hundred day simple moving average of GBX 1,011.05.

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 given a $0.28 dividend. This represents a yield of 1.79%. This is an increase from Standard Chartered's previous dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 27th. Standard Chartered's payout ratio is currently 20.71%.

Insider Activity at Standard Chartered

In related news, insider Bill Winters sold 62,739 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of GBX 1,191 ($15.84), for a total value of £747,221.49 ($993,513.48). In the last 90 days, insiders sold 144,361 shares of company stock valued at $122,238,845. Insiders own 1.43% of the company's stock.

Standard Chartered Company Profile

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.