Standard Chartered (LON:STAN) Given Buy Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of Standard Chartered (LON:STAN) in a research report released on Monday, Analyst Price Targets reports.

A number of other analysts have also commented on STAN. Jefferies Financial Group restated a buy rating and set a GBX 594 ($7.76) price target on shares of Standard Chartered in a research note on Thursday, January 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Standard Chartered from GBX 560 ($7.32) to GBX 670 ($8.75) and gave the stock a buy rating in a research note on Monday, April 12th. Citigroup reiterated a neutral rating on shares of Standard Chartered in a research note on Monday, February 8th. Finally, Barclays reiterated an underweight rating on shares of Standard Chartered in a research note on Thursday, April 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 517.55 ($6.76).

Shares of STAN stock opened at GBX 478.80 ($6.26) on Monday. The firm has a market capitalization of £14.93 billion and a PE ratio of 64.70. The firm has a fifty day simple moving average of GBX 493.84 and a two-hundred day simple moving average of GBX 457.64. Standard Chartered has a 12 month low of GBX 334.25 ($4.37) and a 12 month high of GBX 519.80 ($6.79).

The business also recently declared a dividend, which will be paid on Thursday, May 20th. Investors of record on Thursday, March 4th will be issued a $0.09 dividend. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, March 4th.

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.

Featured Story: What moving averages are used to define a golden cross?

Analyst Recommendations for Standard Chartered (LON:STAN)

Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.