Analysts Set Standard Chartered PLC (LON:STAN) PT at GBX 1,073.33

Shares of Standard Chartered PLC (LON:STAN) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,073.33 ($13.82).

A number of equities analysts have commented on STAN shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 970 ($12.49) price target on shares of Standard Chartered in a research note on Monday, February 24th. Citigroup lifted their price objective on shares of Standard Chartered from GBX 1,170 ($15.06) to GBX 1,250 ($16.09) and gave the stock a “neutral” rating in a report on Thursday, March 6th.

Standard Chartered Trading Down 1.1 %

Shares of LON STAN opened at GBX 1,185 ($15.26) on Friday. The business has a 50-day moving average of GBX 1,145.49 and a 200-day moving average of GBX 981.87. The firm has a market capitalization of £35.78 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 0.80 and a beta of 0.85. Standard Chartered has a 12 month low of GBX 635.20 ($8.18) and a 12 month high of GBX 1,281 ($16.49).

Standard Chartered Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, March 27th. This is an increase 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 Transactions at Standard Chartered

In other news, insider Bill Winters bought 33,453 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of GBX 1,158 ($14.91) per share, with a total value of £387,385.74 ($498,758.52). In the last ninety days, insiders sold 144,361 shares of company stock worth $122,238,845. 1.43% of the stock is currently owned by insiders.

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.