Standard Chartered (LON:STAN) Given New GBX 1,020 Price Target at JPMorgan Chase & Co.

Standard Chartered (LON:STAN) had its price objective upped by JPMorgan Chase & Co. from GBX 1,000 ($12.86) to GBX 1,020 ($13.12) in a research report report published on Thursday morning, MarketBeat reports. They currently have an overweight rating on the financial services provider’s stock.

STAN has been the subject of several other research reports. Citigroup reaffirmed a neutral rating on shares of Standard Chartered in a research note on Monday, July 8th. Barclays upped their price objective on shares of Standard Chartered from GBX 750 ($9.65) to GBX 800 ($10.29) and gave the company an equal weight rating in a research note on Friday, May 3rd. Finally, Jefferies Financial Group reaffirmed a buy rating and set a GBX 1,300 ($16.72) price objective on shares of Standard Chartered in a research note on Thursday, April 18th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of GBX 971.33 ($12.49).

Standard Chartered Stock Down 4.5 %

STAN stock opened at GBX 689 ($8.86) on Thursday. The stock has a market capitalization of £17.57 billion, a P/E ratio of 782.95, a P/E/G ratio of 1.06 and a beta of 0.83. The firm has a 50-day simple moving average of GBX 734.03 and a 200-day simple moving average of GBX 690.47. Standard Chartered has a 52 week low of GBX 571 ($7.34) and a 52 week high of GBX 796 ($10.24).

Standard Chartered Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, August 8th will be issued a $0.09 dividend. The ex-dividend date is Thursday, August 8th. This represents a yield of 0.96%. Standard Chartered’s payout ratio is 2,500.00%.

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.