Standard Chartered PLC (OTCMKTS:SCBFF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of equities research analysts have commented on SCBFF shares. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research note on Friday, May 1st. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, May 13th. BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft raised Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday.

Standard Chartered Price Performance

Shares of SCBFF opened at $26.33 on Friday. The firm has a market cap of $59.85 billion, a PE ratio of 12.84 and a beta of 0.68. Standard Chartered has a 52-week low of $15.91 and a 52-week high of $27.78. 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 business’s 50 day moving average price is $25.51 and its two-hundred day moving average price is $24.13.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.18. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.58 billion. On average, equities analysts anticipate that Standard Chartered will post 2.26 EPS for the current year.

Standard Chartered Company Profile

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.