Brokerages Set Standard Chartered PLC (STAN) Target Price at $741.79

Shares of Standard Chartered PLC (LON:STAN) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 732.14 ($9.57).

STAN has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 920 ($12.02) target price on shares of Standard Chartered in a report on Wednesday, August 1st. Goldman Sachs Group set a GBX 980 ($12.81) target price on shares of Standard Chartered and gave the company a “buy” rating in a report on Tuesday, July 31st. Shore Capital reaffirmed a “buy” rating on shares of Standard Chartered in a report on Tuesday, July 31st. Citigroup reaffirmed a “buy” rating on shares of Standard Chartered in a report on Wednesday, September 5th. Finally, Independent Research raised shares of Standard Chartered to a “hold” rating and set a GBX 720 ($9.41) target price on the stock in a report on Thursday, August 2nd.

In other Standard Chartered news, insider Bill Winters sold 152,207 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of GBX 641 ($8.38), for a total value of £975,646.87 ($1,274,855.44).

Shares of Standard Chartered stock traded down GBX 2.30 ($0.03) during trading hours on Wednesday, reaching GBX 546.10 ($7.14). 18,301,877 shares of the company’s stock were exchanged, compared to its average volume of 7,690,000. Standard Chartered has a fifty-two week low of GBX 678.80 ($8.87) and a fifty-two week high of GBX 864.20 ($11.29).

The company also recently announced a dividend, which will be paid on Monday, October 22nd. Stockholders of record on Thursday, August 9th will be issued a $0.06 dividend. The ex-dividend date is Thursday, August 9th. This represents a dividend yield of 0.68%.

Standard Chartered Company Profile

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.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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