Standard Chartered PLC (LON:STAN) insider Bill Winters sold 22,708 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of GBX 449 ($5.91), for a total value of £101,958.92 ($134,121.18).
Standard Chartered stock opened at GBX 473.40 ($6.23) on Friday. The business has a 50 day moving average of GBX 548.38 and a 200-day moving average of GBX 653.92. Standard Chartered PLC has a 1 year low of GBX 400.80 ($5.27) and a 1 year high of GBX 742.60 ($9.77). The company has a market capitalization of $15.00 billion and a P/E ratio of 8.39.
The business also recently announced a dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, March 5th will be issued a $0.20 dividend. The ex-dividend date is Thursday, March 5th. This is a boost from Standard Chartered’s previous dividend of $0.07. This represents a yield of 2.72%. Standard Chartered’s dividend payout ratio is presently 0.37%.
A number of brokerages recently weighed in on STAN. Barclays reduced their price objective on Standard Chartered from GBX 650 ($8.55) to GBX 550 ($7.23) and set an “underweight” rating on the stock in a research report on Monday, March 2nd. Credit Suisse Group began coverage on Standard Chartered in a research report on Tuesday, February 11th. They issued an “underperform” rating and a GBX 600 ($7.89) target price for the company. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 870 ($11.44) target price (down from GBX 970 ($12.76)) on shares of Standard Chartered in a research report on Thursday, March 5th. Investec raised Standard Chartered to a “hold” rating and cut their price target for the company from GBX 670 ($8.81) to GBX 660 ($8.68) in a research note on Tuesday, January 28th. Finally, UBS Group restated a “neutral” rating and set a GBX 590 ($7.76) price target (down from GBX 630 ($8.29)) on shares of Standard Chartered in a report on Friday, February 28th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Standard Chartered currently has an average rating of “Hold” and a consensus target price 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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