Standard Chartered PLC (STAN) Receives Average Recommendation of “Hold” from Analysts

Shares of Standard Chartered PLC (LON:STAN) have earned an average recommendation of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 687.18 ($8.98).

A number of brokerages have recently issued reports on STAN. Jefferies Financial Group raised shares of Standard Chartered to a “buy” rating and boosted their target price for the company from GBX 348 ($4.55) to GBX 489 ($6.39) in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, April 10th. Barclays reduced their target price on shares of Standard Chartered from GBX 585 ($7.64) to GBX 550 ($7.19) and set an “underweight” rating for the company in a research report on Tuesday, January 29th. Berenberg Bank reduced their target price on shares of Standard Chartered from GBX 920 ($12.02) to GBX 800 ($10.45) and set a “buy” rating for the company in a research report on Monday, February 4th. Finally, Shore Capital reissued a “buy” rating on shares of Standard Chartered in a research report on Thursday, February 21st.

Shares of Standard Chartered stock traded up GBX 1.60 ($0.02) during trading on Wednesday, reaching GBX 672.60 ($8.79). The company’s stock had a trading volume of 8,966,221 shares, compared to its average volume of 7,690,000. The stock has a market cap of $22.25 billion and a PE ratio of 36.36. Standard Chartered has a 52 week low of GBX 514.20 ($6.72) and a 52 week high of GBX 787.30 ($10.29).

The company also recently disclosed a dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, March 7th will be given a dividend of $0.15 per share. This is a boost from Standard Chartered’s previous dividend of $0.06. The ex-dividend date is Thursday, March 7th. This represents a yield of 1.85%. Standard Chartered’s dividend payout ratio is currently 1.30%.

About Standard Chartered

Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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