Standard Chartered (OTCMKTS:SCBFF) Reaches New 1-Year High – Here’s Why

Standard Chartered PLC (OTCMKTS:SCBFF) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.1099 and last traded at $27.5475, with a volume of 2839 shares. The stock had previously closed at $28.0250.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SCBFF. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Friday, May 1st. BNP Paribas Exane raised shares of Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Keefe, Bruyette & Woods raised shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Standard Chartered Trading Down 1.7%

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 stock has a market cap of $62.63 billion, a P/E ratio of 13.44 and a beta of 0.69. The stock has a 50-day moving average price of $26.25 and a 200-day moving average price of $24.47.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.18. The company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.58 billion. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. On average, equities research analysts expect that Standard Chartered PLC 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.