Andrew Nigel (Andy) Halford Sells 17,327 Shares of Standard Chartered PLC (LON:STAN) Stock

Standard Chartered PLC (LON:STAN – Get Rating) insider Andrew Nigel (Andy) Halford sold 17,327 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of GBX 658 ($8.02), for a total transaction of £114,011.66 ($138,953.88).

Andrew Nigel (Andy) Halford also recently made the following trade(s):

• On Monday, March 13th, Andrew Nigel (Andy) Halford sold 23,641 shares of Standard Chartered stock. The shares were sold at an average price of GBX 701 ($8.54), for a total transaction of £165,723.41 ($201,978.56).

Standard Chartered Price Performance

LON STAN opened at GBX 634 ($7.73) on Friday. The firm has a market capitalization of £18.20 billion, a price-to-earnings ratio of 932.35, a P/E/G ratio of 0.35 and a beta of 0.92. The company’s fifty day moving average is GBX 722.56 and its two-hundred day moving average is GBX 634.98. Standard Chartered PLC has a 52-week low of GBX 478.60 ($5.83) and a 52-week high of GBX 799.40 ($9.74).

Standard Chartered Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 11th. Shareholders of record on Thursday, February 23rd will be given a $0.14 dividend. This represents a yield of 1.6%. This is a positive change from Standard Chartered’s previous dividend of $0.04. The ex-dividend date of this dividend is Thursday, February 23rd. Standard Chartered’s dividend payout ratio (DPR) is currently 2,205.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on STAN. Barclays restated an “equal weight” rating and set a GBX 750 ($9.14) price target on shares of Standard Chartered in a report on Friday, February 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 750 ($9.14) target price on shares of Standard Chartered in a research note on Monday, February 13th. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research note on Tuesday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Standard Chartered from GBX 800 ($9.75) to GBX 1,000 ($12.19) and gave the company an “overweight” rating in a research note on Tuesday, February 28th. Finally, The Goldman Sachs Group lowered shares of Standard Chartered to a “neutral” rating in a research note on Thursday, February 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 851 ($10.37).

Standard Chartered Company Profile

(Get Rating)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.