Standard Chartered (OTCMKTS:SCBFY) Sets New 1-Year High – Here’s What Happened

Standard Chartered PLC (OTCMKTS:SCBFY) hit a new 52-week high during trading on Wednesday . The company traded as high as $54.33 and last traded at $54.28, with a volume of 104785 shares changing hands. The stock had previously closed at $53.08.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Standard Chartered to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Standard Chartered has a consensus rating of “Hold”.

Standard Chartered Stock Up 2.3%

The stock has a 50-day simple moving average of $47.40 and a 200 day simple moving average of $47.50.

Standard Chartered Company Profile

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.