Standard Chartered (OTCMKTS:SCBFF) Trading 4.1% Higher – Here’s What Happened

Standard Chartered PLC (OTCMKTS:SCBFF) shares shot up 4.1% during trading on Thursday . The company traded as high as $20.75 and last traded at $20.6975. 2,878 shares were traded during mid-day trading, a decline of 86% from the average session volume of 20,962 shares. The stock had previously closed at $19.8750.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Monday, November 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Standard Chartered has a consensus rating of “Hold”.

Standard Chartered Price Performance

The company has a 50-day simple moving average of $19.71 and a 200-day simple moving average of $17.89. The firm has a market cap of $47.75 billion, a PE ratio of 11.31 and a beta of 0.74.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.97 billion. Standard Chartered had a net margin of 12.27% and a return on equity of 10.73%. As a group, equities research analysts predict that Standard Chartered PLC will post 1.66 earnings per share for the current year.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.