Standard Chartered (LON:STAN) PT Raised to GBX 800 at Barclays

Standard Chartered (LON:STAN) had its price target raised by Barclays from GBX 750 ($9.42) to GBX 800 ($10.05) in a research report released on Friday, Marketbeat.com reports. They currently have an equal weight rating on the financial services provider’s stock.

A number of other equities analysts have also weighed in on the stock. Berenberg Bank boosted their price objective on shares of 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. Shore Capital reaffirmed a buy rating on shares of Standard Chartered in a research report on Friday, February 23rd. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Standard Chartered in a research report on Thursday, May 2nd. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 1,300 ($16.33) target price on shares of Standard Chartered in a research report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods raised shares of Standard Chartered to a market perform rating and set a GBX 790 ($9.92) target price for the company in a research report on Monday, February 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of GBX 951.33 ($11.95).

Standard Chartered Stock Performance

Standard Chartered has a 1-year low of GBX 571 ($7.17) and a 1-year high of GBX 767 ($9.64). The stock has a market cap of £19.33 billion, a price-to-earnings ratio of 848.31, a P/E/G ratio of 1.15 and a beta of 0.84. The stock has a fifty day moving average price of GBX 677.10 and a 200 day moving average price of GBX 647.01.

Standard Chartered Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, March 7th will be given a dividend of $0.21 per share. This is an increase from Standard Chartered’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 7th. This represents a dividend yield of 2.74%. Standard Chartered’s payout ratio is presently 2,359.55%.

Insider Activity

In other news, insider Bill Winters sold 24,101 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of GBX 665 ($8.35), for a total transaction of £160,271.65 ($201,346.29). Insiders own 1.39% 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.