Standard Chartered PLC (OTCMKTS:SCBFF) Given Average Recommendation of “Moderate Buy” by Brokerages

Standard Chartered PLC (OTCMKTS:SCBFF) has earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

SCBFF has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, July 8th. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research report on Thursday, July 16th. UBS Group lowered shares of Standard Chartered from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Standard Chartered from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd.

Institutional Trading of Standard Chartered

A hedge fund recently raised its position in Standard Chartered stock. Madison Asset Management LLC boosted its stake in shares of Standard Chartered PLC (OTCMKTS:SCBFF) by 13.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 42,447 shares of the company’s stock after acquiring an additional 5,154 shares during the period. Madison Asset Management LLC’s holdings in Standard Chartered were worth $2,313,000 at the end of the most recent quarter.

Standard Chartered Stock Performance

Standard Chartered stock opened at $30.53 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.82 and a current ratio of 0.84. The company has a 50 day moving average price of $28.87 and a 200-day moving average price of $25.78. The company has a market capitalization of $69.41 billion, a PE ratio of 14.52 and a beta of 0.69. Standard Chartered has a fifty-two week low of $18.03 and a fifty-two week high of $31.10.

Standard Chartered (OTCMKTS:SCBFF) last issued its earnings results on Wednesday, July 29th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Standard Chartered had a return on equity of 10.84% and a net margin of 13.79%. As a group, equities analysts forecast that Standard Chartered will post 2.44 earnings per share for the current year.

About Standard Chartered

Standard Chartered PLC is an international banking group headquartered in London. The company provides financial services to individuals, businesses, financial institutions and governments through operations spanning Asia, Africa, the Middle East, the United Kingdom and the Americas.

Its principal activities include corporate, commercial and institutional banking, retail banking, private banking and wealth management. Standard Chartered offers lending, trade finance, transaction banking, foreign exchange, investment banking, capital markets, cash management and investment products, along with personal banking services such as deposits, mortgages, credit cards and other forms of consumer finance in selected markets.

Standard Chartered traces its history to the formation of Chartered Bank of India, Australia and China in 1853 and the Standard Bank of British South Africa in 1862.