Standard Chartered (LON:STAN) Given Overweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Standard Chartered (LON:STANFree Report) in a report published on Monday, MarketBeat.com reports. JPMorgan Chase & Co. currently has a GBX 850 ($10.78) price target on the financial services provider’s stock.

A number of other brokerages have also commented on STAN. Jefferies Financial Group reissued a buy rating and set a GBX 1,100 ($13.95) price target on shares of Standard Chartered in a research note on Monday, November 6th. The Goldman Sachs Group raised Standard Chartered to a buy rating and cut their price objective for the stock from GBX 879 ($11.15) to GBX 868 ($11.01) in a research note on Monday, November 20th. Berenberg Bank lifted their price objective on Standard Chartered from GBX 1,000 ($12.68) to GBX 1,050 ($13.32) and gave the stock a buy rating in a research note on Friday, February 23rd. Shore Capital reissued a buy rating on shares of Standard Chartered in a research note on Friday, February 23rd. Finally, Keefe, Bruyette & Woods raised Standard Chartered to a market perform rating and set a GBX 790 ($10.02) price target on the stock in a research note on Monday, February 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Standard Chartered currently has a consensus rating of Moderate Buy and a consensus target price of GBX 919.71 ($11.67).

View Our Latest Report on Standard Chartered

Standard Chartered Stock Up 1.0 %

Standard Chartered stock opened at GBX 649.20 ($8.23) on Monday. Standard Chartered has a 12-month low of GBX 571 ($7.24) and a 12-month high of GBX 794.60 ($10.08). The business’s 50-day moving average price is GBX 614.85 and its two-hundred day moving average price is GBX 666.54. The stock has a market cap of £17.33 billion, a PE ratio of 1,272.94, a P/E/G ratio of 0.70 and a beta of 0.85.

Standard Chartered Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, March 7th will be paid a $0.21 dividend. This represents a dividend yield of 2.74%. The ex-dividend date is Thursday, March 7th. This is a boost from Standard Chartered’s previous dividend of $0.06. Standard Chartered’s dividend payout ratio (DPR) is presently 3,137.25%.

About Standard Chartered

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Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.

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Analyst Recommendations for Standard Chartered (LON:STAN)

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