Standard Chartered PLC (LON:STAN – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 708.49 ($9.34) and traded as high as GBX 783.40 ($10.33). Standard Chartered shares last traded at GBX 776.60 ($10.24), with a volume of 4,246,882 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. Barclays increased their target price on Standard Chartered from GBX 750 ($9.89) to GBX 800 ($10.55) and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,100 ($14.51) target price on shares of Standard Chartered in a research note on Wednesday, August 21st. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. raised their price objective on Standard Chartered from GBX 1,000 ($13.19) to GBX 1,020 ($13.45) and gave the stock an “overweight” rating in a research report on Thursday, August 1st. 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 currently has an average rating of “Moderate Buy” and an average target price of GBX 979.67 ($12.92).
Check Out Our Latest Research Report on STAN
Standard Chartered Trading Up 0.4 %
Standard Chartered Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, August 8th will be paid a $0.09 dividend. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, August 8th. Standard Chartered’s payout ratio is presently 2,790.70%.
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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