Standard Chartered (LON:STAN) Receives Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Standard Chartered (LON:STAN) in a research report report published on Thursday, Marketbeat Ratings reports.

Other equities analysts have also issued research reports about the company. Berenberg Bank increased their target price on Standard Chartered from GBX 1,000 ($12.56) to GBX 1,050 ($13.19) and gave the stock a buy rating in a research note on Friday, February 23rd. Jefferies Financial Group reissued a buy rating and set a GBX 1,300 ($16.33) price target on shares of Standard Chartered in a research report on Thursday, April 18th. Shore Capital restated a buy rating on shares of Standard Chartered in a report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods raised shares of Standard Chartered to a market perform rating and set a GBX 790 ($9.92) target price on the stock in a research note on Monday, February 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of GBX 951.33 ($11.95).

Standard Chartered Stock Down 0.1 %

LON:STAN opened at GBX 755 ($9.48) on Thursday. Standard Chartered has a 52 week low of GBX 571 ($7.17) and a 52 week high of GBX 767 ($9.63). The stock’s fifty day moving average is GBX 674.73 and its two-hundred day moving average is GBX 646.89. The stock has a market capitalization of £19.78 billion, a price-to-earnings ratio of 898.81, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87.

Standard Chartered Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, March 7th will be issued a $0.21 dividend. This is a boost from Standard Chartered’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 7th. This represents a yield of 2.74%. Standard Chartered’s dividend payout ratio (DPR) is 2,500.00%.

Insider Buying and Selling

In other news, insider Bill Winters sold 24,101 shares of the firm’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 value of £160,271.65 ($201,321.00). 0.31% of the stock is owned by insiders.

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.