Analysts Set Standard Chartered PLC (LON:STAN) Price Target at GBX 971.33

Shares of Standard Chartered PLC (LON:STAN) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 979.67 ($12.73).

Several analysts have weighed in on STAN shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,100 ($14.29) price objective on shares of Standard Chartered in a research note on Wednesday. Barclays raised their target price on shares of Standard Chartered from GBX 750 ($9.75) to GBX 800 ($10.40) and gave the company an “equal weight” rating in a report on Friday, May 3rd. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Monday, July 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Standard Chartered from GBX 1,000 ($12.99) to GBX 1,020 ($13.25) and gave the company an “overweight” rating in a report on Thursday, August 1st.

Standard Chartered Stock Up 0.9 %

Shares of Standard Chartered stock opened at GBX 762.60 ($9.91) on Friday. Standard Chartered has a twelve month low of GBX 571 ($7.42) and a twelve month high of GBX 796 ($10.34). The company has a 50-day simple moving average of GBX 726.88 and a two-hundred day simple moving average of GBX 702.19. The stock has a market capitalization of £19.14 billion, a price-to-earnings ratio of 859.09, a price-to-earnings-growth ratio of 0.85 and a beta of 0.87.

Standard Chartered Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, August 8th will be issued a dividend of $0.09 per share. This represents a yield of 0.96%. The ex-dividend date of this dividend is Thursday, August 8th. Standard Chartered’s dividend payout ratio (DPR) is presently 2,727.27%.

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.