Brokerages Set Standard Chartered PLC (LON:STAN) Price Target at GBX 971.33

Standard Chartered PLC (LON:STAN) has been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 971.33 ($12.62).

Several analysts have commented on STAN shares. JPMorgan Chase & Co. boosted their price target on shares of Standard Chartered from GBX 1,000 ($12.99) to GBX 1,020 ($13.25) and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Barclays lifted their target price on Standard Chartered from GBX 750 ($9.75) to GBX 800 ($10.40) and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research note on Monday, July 8th.

Standard Chartered Stock Performance

STAN stock opened at GBX 750 ($9.75) on Friday. The company has a market capitalization of £18.83 billion, a PE ratio of 852.27, a price-to-earnings-growth ratio of 0.85 and a beta of 0.87. The company’s fifty day moving average price is GBX 726.31 and its 200-day moving average price is GBX 701.51. Standard Chartered has a one year low of GBX 571 ($7.42) and a one year high of GBX 796 ($10.34).

Standard Chartered Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, August 8th will be given a dividend of $0.09 per share. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, August 8th. Standard Chartered’s dividend payout ratio is 2,727.27%.

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.