Standard Chartered PLC (LON:STAN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Standard Chartered PLC (LON:STAN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,073.33 ($13.87).

A number of research analysts recently commented on STAN shares. Citigroup lifted their price target on Standard Chartered from GBX 1,170 ($15.12) to GBX 1,250 ($16.15) and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 970 ($12.53) target price on shares of Standard Chartered in a report on Monday, February 24th.

Standard Chartered Stock Up 1.1 %

Standard Chartered stock traded up GBX 12.50 ($0.16) during mid-day trading on Friday, reaching GBX 1,190.50 ($15.38). 18,062,590 shares of the company's stock traded hands, compared to its average volume of 16,417,564. Standard Chartered has a 12-month low of GBX 635.20 ($8.21) and a 12-month high of GBX 1,281 ($16.55). The company has a market cap of £35.95 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 0.80 and a beta of 0.85. The stock has a 50 day moving average of GBX 1,138.84 and a two-hundred day moving average of GBX 977.39.

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Standard Chartered Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, May 19th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, March 27th. This is a positive change from Standard Chartered's previous dividend of $0.09. This represents a dividend yield of 1.79%. Standard Chartered's dividend payout ratio (DPR) is 20.71%.

Insider Activity at Standard Chartered

In other news, insider Bill Winters acquired 33,453 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of GBX 1,158 ($14.96) per share, for a total transaction of £387,385.74 ($500,563.04). Over the last quarter, insiders sold 144,361 shares of company stock worth $122,238,845. Company insiders own 1.43% of the company's stock.

About Standard Chartered

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.