Standard Chartered (OTCMKTS:SCBFF) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Standard Chartered PLC (OTCMKTS:SCBFFGet Free Report) saw unusually-strong trading volume on Monday . Approximately 80,857 shares traded hands during mid-day trading, an increase of 745% from the previous session’s volume of 9,568 shares.The stock last traded at $25.85 and had previously closed at $24.93.

Analyst Upgrades and Downgrades

Several research firms have commented on SCBFF. BNP Paribas Exane upgraded shares of Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research note on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a research note on Wednesday. Finally, Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Standard Chartered currently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Standard Chartered

Standard Chartered Stock Up 2.5%

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 firm has a 50-day simple moving average of $22.69 and a two-hundred day simple moving average of $23.08. The company has a market cap of $58.09 billion, a PE ratio of 12.46 and a beta of 0.68.

Standard Chartered (OTCMKTS:SCBFFGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.18. The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.58 billion. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%. Research analysts anticipate that Standard Chartered PLC will post 2.26 earnings per share for the current fiscal year.

About Standard Chartered

(Get Free Report)

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.

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