Shares of Standard Chartered PLC (LON:STAN – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Three research 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 brokers that have issued ratings on the stock in the last year is GBX 979.67 ($12.94).
A number of equities research analysts have recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,100 ($14.53) price objective on shares of Standard Chartered in a research note on Wednesday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Standard Chartered from GBX 1,000 ($13.21) to GBX 1,020 ($13.47) and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research report on Monday, September 2nd.
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Standard Chartered Price Performance
Standard Chartered Cuts Dividend
The business also recently declared a dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, August 8th will be paid 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 dividend payout ratio (DPR) is currently 2,758.62%.
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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