Standard Chartered (LON:STAN) Shares Cross Above Two Hundred Day Moving Average of $722.86

Shares of Standard Chartered PLC (LON:STAN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 722.86 ($9.55) and traded as high as GBX 784.20 ($10.36). Standard Chartered shares last traded at GBX 779.60 ($10.30), with a volume of 6,075,158 shares.

Analyst Ratings Changes

Several brokerages have recently commented on STAN. Berenberg Bank reiterated a “buy” rating and set a GBX 1,100 ($14.53) price objective on shares of Standard Chartered in a research report on Wednesday, August 21st. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Standard Chartered from GBX 1,000 ($13.21) to GBX 1,020 ($13.47) and gave the stock an “overweight” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 979.67 ($12.94).

Standard Chartered Stock Performance

The firm has a 50-day moving average of GBX 740.94 and a 200-day moving average of GBX 722.86. The firm has a market capitalization of £19.41 billion, a P/E ratio of 896.09, a price-to-earnings-growth ratio of 0.82 and a beta of 0.85.

Standard Chartered Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, August 8th will be issued a $0.09 dividend. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, August 8th. Standard Chartered’s dividend payout ratio is 2,758.62%.

Standard Chartered Company Profile

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