Bill Winters Sells 22,708 Shares of Standard Chartered PLC (LON:STAN) Stock

Standard Chartered PLC (LON:STAN) insider Bill Winters sold 22,708 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of GBX 449 ($5.91), for a total value of £101,958.92 ($134,121.18).

Shares of LON STAN opened at GBX 473.40 ($6.23) on Thursday. Standard Chartered PLC has a twelve month low of GBX 400.80 ($5.27) and a twelve month high of GBX 742.60 ($9.77). The stock has a 50 day moving average of GBX 551.68 and a two-hundred day moving average of GBX 654.66. The stock has a market cap of $15.00 billion and a P/E ratio of 8.39.

The company also recently disclosed a dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, March 5th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a yield of 2.72%. This is a boost from Standard Chartered’s previous dividend of $0.07. Standard Chartered’s payout ratio is currently 0.37%.

Several research firms recently weighed in on STAN. Royal Bank of Canada restated an “underperform” rating and set a GBX 265 ($3.49) target price (up previously from GBX 250 ($3.29)) on shares of Standard Chartered in a research note on Tuesday, January 21st. Berenberg Bank restated a “buy” rating on shares of Standard Chartered in a research note on Monday, December 2nd. Shore Capital restated a “buy” rating on shares of Standard Chartered in a research note on Thursday, February 27th. HSBC upgraded Standard Chartered to a “hold” rating and decreased their target price for the stock from GBX 590 ($7.76) to GBX 480 ($6.31) in a research note on Tuesday, March 17th. Finally, Goldman Sachs Group restated a “buy” rating and set a GBX 870 ($11.44) target price (down previously from GBX 970 ($12.76)) on shares of Standard Chartered in a research note on Thursday, March 5th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 627.64 ($8.26).

Standard Chartered Company Profile

Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.

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