Standard Chartered (STAN) PT Lowered to GBX 800

Standard Chartered (LON:STAN) had its price target decreased by Berenberg Bank from GBX 920 ($12.02) to GBX 800 ($10.45) in a research note published on Monday, February 4th. Berenberg Bank currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on STAN. Shore Capital reiterated a buy rating on shares of Standard Chartered in a research note on Wednesday, October 31st. HSBC decreased their target price on shares of Standard Chartered from GBX 630 ($8.23) to GBX 610 ($7.97) and set a hold rating for the company in a research note on Thursday, November 1st. Deutsche Bank decreased their target price on shares of Standard Chartered from GBX 650 ($8.49) to GBX 620 ($8.10) and set a hold rating for the company in a research note on Thursday, November 1st. UBS Group restated a neutral rating and issued a GBX 595 ($7.77) price objective on shares of Standard Chartered in a research report on Thursday, November 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Standard Chartered from GBX 930 ($12.15) to GBX 900 ($11.76) and set an overweight rating for the company in a research report on Tuesday, October 16th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Standard Chartered has an average rating of Hold and an average target price of GBX 686.21 ($8.97).

Shares of STAN stock traded up GBX 9.70 ($0.13) during mid-day trading on Monday, hitting GBX 611.30 ($7.99). 6,752,699 shares of the stock were exchanged, compared to its average volume of 7,690,000. Standard Chartered has a 12-month low of GBX 678.80 ($8.87) and a 12-month high of GBX 864.20 ($11.29).

The business also recently announced a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, March 7th will be issued a $0.15 dividend. The ex-dividend date is Thursday, March 7th. This is a boost from Standard Chartered’s previous dividend of $0.06. This represents a yield of 1.85%.

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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