Standard Chartered PLC (OTCMKTS:SCBFF) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Standard Chartered PLC (OTCMKTS:SCBFF) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

A number of analysts recently commented on SCBFF shares. Keefe, Bruyette & Woods upgraded shares of Standard Chartered from a “hold” rating to a “moderate buy” rating in a report on Monday, September 14th. Barclays downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 29th. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research report on Wednesday, September 23rd. Finally, UBS Group cut shares of Standard Chartered from a “buy” rating to a “hold” rating in a report on Thursday, July 23rd.

Standard Chartered Stock Up 1.0%

Standard Chartered stock opened at $27.81 on Friday. The business has a 50-day simple moving average of $28.86 and a two-hundred day simple moving average of $26.29. Standard Chartered has a 52-week low of $19.53 and a 52-week high of $31.98. The company has a market cap of $63.22 billion, a P/E ratio of 11.05 and a beta of 0.63.

Standard Chartered (OTCMKTS:SCBFF) last announced its earnings results on Wednesday, October 28th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. Standard Chartered had a return on equity of 11.35% and a net margin of 14.76%. The firm had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.63 billion. Research analysts anticipate that Standard Chartered will post 2.50 EPS for the current fiscal year.

Hedge Funds Weigh In On Standard Chartered

A hedge fund recently raised its stake in Standard Chartered stock. Madison Asset Management LLC raised its stake in Standard Chartered PLC (OTCMKTS:SCBFF) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,447 shares of the company’s stock after buying an additional 5,154 shares during the quarter. Madison Asset Management LLC’s holdings in Standard Chartered were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission.

Standard Chartered Company Profile