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

JPMorgan Chase & Co. reiterated their overweight rating on shares of Standard Chartered (LON:STAN) in a report released on Thursday morning, MarketBeat reports.

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

Standard Chartered Trading Down 0.1 %

Shares of STAN stock traded down GBX 1 ($0.01) during trading on Thursday, hitting GBX 755 ($9.48). The company’s stock had a trading volume of 9,172,047 shares, compared to its average volume of 7,962,157. The company has a market cap of £19.78 billion, a PE ratio of 898.81, a P/E/G ratio of 1.07 and a beta of 0.87. The business has a fifty day moving average of GBX 672.33 and a 200-day moving average of GBX 648.20. Standard Chartered has a 52 week low of GBX 571 ($7.17) and a 52 week high of GBX 767 ($9.63).

Standard Chartered Increases Dividend

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

Insider Activity

In related news, insider Bill Winters sold 24,101 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of GBX 665 ($8.35), for a total transaction of £160,271.65 ($201,321.00). 0.31% of the stock is owned by company 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.