Brokerages Set Standard Chartered PLC (LON:STAN) Price Target at GBX 1,073.33

Standard Chartered PLC (LON:STAN - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 1,028 ($13.67).

STAN has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 970 ($12.90) price objective on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup lifted their price objective on Standard Chartered from GBX 1,170 ($15.56) to GBX 1,250 ($16.62) and gave the stock a "neutral" rating in a research note on Thursday, March 6th.

Insider Transactions at Standard Chartered

In related news, insider Bill Winters acquired 33,453 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of GBX 1,158 ($15.40) per share, for a total transaction of £387,385.74 ($515,072.12). Insiders sold 144,361 shares of company stock worth $122,238,845 in the last 90 days. Insiders own 1.43% of the company's stock.

Standard Chartered Stock Down 0.4 %

LON:STAN traded down GBX 4.43 ($0.06) on Wednesday, hitting GBX 1,014.07 ($13.48). The stock had a trading volume of 5,993,025 shares, compared to its average volume of 14,646,294. The business's 50-day simple moving average is GBX 1,118.36 and its two-hundred day simple moving average is GBX 1,011.05. The stock has a market cap 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. Standard Chartered has a 52-week low of GBX 651.40 ($8.66) and a 52-week high of GBX 1,281 ($17.03).

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 positive change from Standard Chartered's previous dividend of $0.09. The ex-dividend date is Thursday, March 27th. Standard Chartered's dividend payout ratio (DPR) is 20.71%.

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.