Standard Chartered PLC (LON:STAN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Standard Chartered PLC (LON:STAN) 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.

Standard Chartered Price Performance

Standard Chartered stock opened at GBX 780.20 ($10.31) on Thursday. The stock’s 50 day moving average is GBX 739.69 and its 200 day moving average is GBX 722.08. Standard Chartered has a one year low of GBX 571 ($7.54) and a one year high of GBX 796 ($10.52). The firm has a market cap of £19.43 billion, a P/E ratio of 891.03, a P/E/G ratio of 0.82 and a beta of 0.85.

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.