Standard Chartered (LON:STAN) Stock Price Crosses Above 200 Day Moving Average of $722.86

Standard Chartered PLC (LON:STAN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 722.86 ($9.55) and traded as high as GBX 784.20 ($10.36). Standard Chartered shares last traded at GBX 779.60 ($10.30), with a volume of 6,075,158 shares traded.

Wall Street Analysts Forecast Growth

STAN has been the subject of several analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Monday, September 2nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,100 ($14.53) price objective on shares of Standard Chartered in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Standard Chartered from GBX 1,000 ($13.21) to GBX 1,020 ($13.47) and gave the stock an “overweight” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 979.67 ($12.94).

Standard Chartered Trading Down 2.6 %

The firm’s 50 day simple moving average is GBX 741.94 and its 200 day simple moving average is GBX 723.35. The firm has a market cap of £18.91 billion, a PE ratio of 872.87, a PEG ratio of 0.82 and a beta of 0.85.

Standard Chartered Cuts Dividend

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