Standard Chartered (LON:STAN) Reaches New 52-Week High at $117.75

Standard Chartered PLC (LON:STAN) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 117.75 ($1.50) and last traded at GBX 723.83 ($9.25), with a volume of 20299535 shares changing hands. The stock had previously closed at GBX 711.63 ($9.09).

Analyst Ratings Changes

Several equities analysts recently commented on STAN shares. JPMorgan Chase & Co. increased their price objective on shares of Standard Chartered from GBX 1,000 ($12.78) to GBX 1,020 ($13.04) and gave the company an “overweight” rating in a research report on Thursday, August 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,300 ($16.61) price target on shares of Standard Chartered in a report on Thursday, April 18th. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research note on Monday, July 8th. Finally, Barclays upped their target price on Standard Chartered from GBX 750 ($9.58) to GBX 800 ($10.22) and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 971.33 ($12.41).

Standard Chartered Trading Up 1.7 %

The stock has a 50-day moving average price of GBX 726.19 and a 200 day moving average price of GBX 694.28. The stock has a market capitalization of £18.46 billion, a price-to-earnings ratio of 808.66, a PEG ratio of 1.06 and a beta of 0.83.

Standard Chartered Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, August 8th will be issued a $0.09 dividend. This represents a yield of 0.96%. The ex-dividend date of this dividend is Thursday, August 8th. Standard Chartered’s payout ratio is currently 2,500.00%.

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.