STAN has been the topic of several other research reports. Societe Generale upgraded shares of Standard Chartered to a buy rating in a report on Tuesday. Berenberg Bank reiterated a buy rating on shares of Standard Chartered in a research report on Tuesday, July 16th. Investec lowered shares of Standard Chartered to a sell rating in a research report on Friday, June 28th. Shore Capital reiterated a buy rating on shares of Standard Chartered in a research report on Thursday, August 1st. Finally, Deutsche Bank reiterated a hold rating and set a GBX 630 ($8.23) target price on shares of Standard Chartered in a research report on Friday, September 6th. Six analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 708.77 ($9.26).
Shares of LON:STAN traded up GBX 19.60 ($0.26) on Thursday, hitting GBX 701.40 ($9.17). 8,068,151 shares of the company were exchanged, compared to its average volume of 7,690,000. The company’s 50 day moving average price is GBX 647.19 and its two-hundred day moving average price is GBX 660.64. Standard Chartered has a one year low of GBX 514.20 ($6.72) and a one year high of GBX 742.60 ($9.70). The firm has a market capitalization of $22.59 billion and a price-to-earnings ratio of 44.11.
The company also recently declared a dividend, which will be paid on Monday, October 21st. Shareholders of record on Thursday, August 8th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a yield of 0.82%. Standard Chartered’s dividend payout ratio (DPR) is presently 1.51%.
In other news, insider Andrew Nigel (Andy) Halford purchased 23,701 shares of Standard Chartered stock in a transaction on Monday, June 24th. The shares were purchased at an average cost of GBX 703 ($9.19) per share, for a total transaction of £166,618.03 ($217,715.97).
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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