Standard Chartered PLC (LON:STAN) insider Bill Winters sold 22,708 shares of Standard Chartered stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of GBX 449 ($5.91), for a total transaction of £101,958.92 ($134,121.18).
Shares of LON:STAN opened at GBX 473.40 ($6.23) on Friday. Standard Chartered PLC has a 12-month low of GBX 400.80 ($5.27) and a 12-month high of GBX 742.60 ($9.77). The stock has a market cap of $15.00 billion and a PE ratio of 8.39. The business has a 50 day moving average of GBX 548.38 and a 200-day moving average of GBX 653.92.
The company also recently announced a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, March 5th will be given a $0.20 dividend. This is an increase from Standard Chartered’s previous dividend of $0.07. The ex-dividend date of this dividend is Thursday, March 5th. This represents a dividend yield of 2.72%. Standard Chartered’s dividend payout ratio is presently 0.37%.
A number of analysts have commented on the stock. Deutsche Bank reiterated a “hold” rating on shares of Standard Chartered in a research note on Thursday, February 27th. Goldman Sachs Group restated a “buy” rating and set a GBX 870 ($11.44) price objective (down from GBX 970 ($12.76)) on shares of Standard Chartered in a research note on Thursday, March 5th. Barclays dropped their target price on shares of Standard Chartered from GBX 650 ($8.55) to GBX 550 ($7.23) and set an “underweight” rating on the stock in a report on Monday, March 2nd. Credit Suisse Group began coverage on shares of Standard Chartered in a research note on Tuesday, February 11th. They issued an “underperform” rating and a GBX 600 ($7.89) target price for the company. Finally, Investec upgraded Standard Chartered to a “hold” rating and reduced their price target for the stock from GBX 670 ($8.81) to GBX 660 ($8.68) in a report on Tuesday, January 28th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Standard Chartered currently has a consensus rating of “Hold” and an average price target of GBX 624.50 ($8.21).
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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