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

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research note on Thursday, July 16th. BNP Paribas Exane raised shares of Standard Chartered to an “outperform” rating in a research note on Tuesday, April 14th. Finally, Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a report on Wednesday, July 8th.

Standard Chartered Stock Up 1.1%

SCBFF stock opened at $28.27 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day simple moving average is $26.64 and its 200-day simple moving average is $24.65. Standard Chartered has a 12 month low of $17.39 and a 12 month high of $29.12. The firm has a market capitalization of $64.26 billion, a PE ratio of 13.79 and a beta of 0.69.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.18. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.58 billion. Equities analysts expect that Standard Chartered will post 2.26 earnings per share for the current fiscal 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.