Standard Chartered PLC (LON:STAN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Standard Chartered PLC (LON:STAN) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 1,073.33 ($13.82).

A number of analysts have issued reports on STAN shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 970 ($12.49) target price on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup lifted their price objective on 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 Stock Down 1.1 %

Shares of STAN stock opened at GBX 1,185 ($15.26) on Friday. The firm has a market cap of £35.78 billion, a P/E ratio of 10.67, a PEG ratio of 0.80 and a beta of 0.85. The company has a 50 day moving average of GBX 1,145.49 and a 200-day moving average of GBX 981.87. 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 business also recently declared a dividend, which will be paid on Monday, May 19th. Stockholders of record on Thursday, March 27th will be given a $0.28 dividend. The ex-dividend date is Thursday, March 27th. This is a boost from Standard Chartered’s previous dividend of $0.09. This represents a dividend yield of 1.79%. Standard Chartered’s payout ratio is 20.71%.

Insider Buying and Selling

In other news, insider Bill Winters bought 33,453 shares of the stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of GBX 1,158 ($14.91) per share, for a total transaction of £387,385.74 ($498,758.52). In the last quarter, insiders have sold 144,361 shares of company stock valued at $122,238,845. Corporate insiders own 1.43% of the company’s stock.

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.