Standard Chartered’s (STAN) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Standard Chartered (LON:STAN) in a research note released on Friday morning. The firm currently has a GBX 920 ($12.48) price target on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Goldman Sachs set a GBX 980 ($13.29) price target on shares of Standard Chartered and gave the stock a buy rating in a research note on Thursday, January 25th. Citigroup reiterated a buy rating and set a GBX 915 ($12.41) price target on shares of Standard Chartered in a research note on Wednesday, February 28th. Shore Capital reiterated a buy rating on shares of Standard Chartered in a research note on Tuesday, February 27th. Deutsche Bank reiterated a hold rating and set a GBX 653 ($8.86) price target on shares of Standard Chartered in a research note on Monday, February 5th. Finally, UBS set a GBX 760 ($10.31) price target on shares of Standard Chartered and gave the stock a neutral rating in a research note on Monday, January 15th. Eight equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 748.06 ($10.15).

Shares of LON:STAN opened at GBX 748 ($10.15) on Friday. Standard Chartered has a 1 year low of GBX 678.80 ($9.21) and a 1 year high of GBX 864.20 ($11.72).

The company also recently announced a dividend, which will be paid on Thursday, May 17th. Investors of record on Thursday, March 8th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, March 8th. This represents a dividend yield of 1.01%.

In related news, insider Andrew Nigel (Andy) Halford sold 6,215 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of GBX 761 ($10.32), for a total transaction of £47,296.15 ($64,156.47).

About Standard Chartered

Standard Chartered PLC provides various banking products and services in the Greater China and North Asia, ASEAN and South Asia, Africa and the Middle East, and Europe and America. The company operates in four segments: Corporate & Institutional Banking, Private Banking, Commercial Banking, and Retail Banking.

Analyst Recommendations for Standard Chartered (LON:STAN)

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