Standard Chartered PLC (LON:STAN) Receives GBX 979.67 Consensus Target Price from Analysts

Standard Chartered PLC (LON:STAN) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 979.67 ($12.94).

Several analysts recently commented on STAN shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,100 ($14.53) price objective on shares of Standard Chartered in a research note on Wednesday, August 21st. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a report on Monday, September 2nd. Finally, JPMorgan Chase & Co. increased their target price on Standard Chartered from GBX 1,000 ($13.21) to GBX 1,020 ($13.47) and gave the stock an “overweight” rating in a research note on Thursday, August 1st.

Standard Chartered Price Performance

Shares of STAN stock opened at GBX 759.40 ($10.03) on Thursday. The stock has a 50-day moving average of GBX 738.04 and a 200-day moving average of GBX 720.29. The stock has a market cap of £18.91 billion, a PE ratio of 867.82, a price-to-earnings-growth ratio of 0.82 and a beta of 0.85. Standard Chartered has a one year low of GBX 571 ($7.54) and a one year high of GBX 796 ($10.52).

Standard Chartered Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, August 8th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 0.96%. Standard Chartered’s dividend payout ratio is currently 2,758.62%.

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.