Standard Chartered (OTCMKTS:SCBFF) Shares Gap Down – Should You Sell?

Standard Chartered PLC (OTCMKTS:SCBFF)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $27.7750, but opened at $26.45. Standard Chartered shares last traded at $26.7675, with a volume of 1,874 shares traded.

Analyst Ratings Changes

SCBFF has been the topic of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, May 13th. BNP Paribas Exane upgraded shares of Standard Chartered to an “outperform” rating in a research note on Tuesday, April 14th. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research note on Friday, May 1st. Finally, Keefe, Bruyette & Woods upgraded shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Standard Chartered Trading Down 3.6%

The stock has a 50-day simple moving average of $23.64 and a two-hundred day simple moving average of $23.49. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $60.85 billion, a PE ratio of 13.06 and a beta of 0.68.

Standard Chartered (OTCMKTS:SCBFF) last issued its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.18. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.58 billion. As a group, sell-side analysts anticipate that Standard Chartered PLC will post 2.26 EPS for the current year.

About Standard Chartered

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.