Standard Chartered (LON:STAN – Free Report) had its target price raised by Barclays from GBX 750 ($9.42) to GBX 800 ($10.05) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have an equal weight rating on the financial services provider’s stock.
A number of other equities analysts have also recently commented on STAN. Jefferies Financial Group reaffirmed a buy rating and set a GBX 1,300 ($16.33) price target on shares of Standard Chartered in a research note on Thursday, April 18th. Shore Capital reaffirmed a buy rating on shares of Standard Chartered in a research note on Friday, February 23rd. Berenberg Bank increased their price target on Standard Chartered from GBX 1,000 ($12.56) to GBX 1,050 ($13.19) and gave the stock a buy rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods upgraded Standard Chartered to a market perform rating and set a GBX 790 ($9.92) price objective for the company in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Standard Chartered in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of GBX 951.33 ($11.95).
Read Our Latest Analysis on STAN
Standard Chartered Stock Down 0.1 %
Standard Chartered Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, March 7th will be issued a dividend of $0.21 per share. This is an increase from Standard Chartered’s previous dividend of $0.06. This represents a yield of 2.74%. The ex-dividend date of this dividend is Thursday, March 7th. Standard Chartered’s dividend payout ratio (DPR) is presently 2,500.00%.
Insider Buying and Selling at Standard Chartered
In other news, insider Bill Winters sold 24,101 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of GBX 665 ($8.35), for a total transaction of £160,271.65 ($201,321.00). 0.31% of the stock is currently owned by corporate insiders.
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.
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