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

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as $62.92 and last traded at $62.88, with a volume of 140822 shares. The stock had previously closed at $61.92.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Read Our Latest Report on Standard Chartered

Standard Chartered Price Performance

The firm’s 50-day moving average is $58.97 and its 200 day moving average is $52.60.

Standard Chartered Company Profile

(Get Free Report)

Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. Through its banking operations and subsidiaries, the company provides financial services to individuals, businesses, financial institutions and governments, with a particular focus on markets across Asia, Africa and the Middle East.

The company’s offerings include retail and affluent banking, wealth management, corporate and institutional banking, trade finance, transaction banking, foreign exchange, lending, cash management and investment banking services.

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