Standard Chartered PLC (LON:STAN) declared a dividend on Tuesday, February 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, March 8th will be given a dividend of $0.11 per share by the financial services provider on Thursday, May 17th. This represents a yield of 1.01%. The ex-dividend date is Thursday, March 8th. The official announcement can be accessed at this link.
Standard Chartered (LON:STAN) opened at GBX 759.60 ($10.49) on Wednesday. Standard Chartered has a 52-week low of GBX 678.80 ($9.38) and a 52-week high of GBX 864.20 ($11.94). The stock has a market capitalization of $24,970.00 and a PE ratio of 3,617.14.
A number of analysts have recently commented on the company. Shore Capital restated a “buy” rating on shares of Standard Chartered in a report on Tuesday, February 27th. Citigroup reissued a “buy” rating and issued a GBX 915 ($12.64) price objective on shares of Standard Chartered in a research report on Wednesday, February 28th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 900 ($12.43) price objective on shares of Standard Chartered in a research report on Wednesday, February 28th. Morgan Stanley increased their price target on shares of Standard Chartered from GBX 660 ($9.12) to GBX 700 ($9.67) and gave the stock an “underweight” rating in a research report on Wednesday, February 28th. Finally, HSBC reaffirmed a “reduce” rating and set a GBX 630 ($8.70) price target on shares of Standard Chartered in a research report on Monday, January 29th. Eight equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 737.20 ($10.19).
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Standard Chartered PLC is an international banking company. The Banks’s segments include Corporate & Institutional Banking, Retail Banking, Commercial Banking and Private Banking. Its Corporate & Institutional Banking segment allows companies and financial institutions to operate and trade globally, and its Private Banking segment supports high net worth individuals with their banking needs across borders and offers access to global investment opportunities.
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