Standard Chartered (OTCMKTS:SCBFF) Hits New 12-Month High – Here’s What Happened

Standard Chartered PLC (OTCMKTS:SCBFFGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $26.7669 and last traded at $26.7669, with a volume of 2566 shares trading hands. The stock had previously closed at $26.00.

Analyst Ratings Changes

SCBFF has been the subject of several research reports. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research report on Friday, May 1st. BNP Paribas Exane upgraded Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods upgraded Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Standard Chartered has an average rating of “Moderate Buy”.

View Our Latest Stock Report on SCBFF

Standard Chartered Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50. The stock has a market cap of $59.66 billion, a P/E ratio of 12.80 and a beta of 0.68. The business has a 50-day simple moving average of $23.07 and a 200 day simple moving average of $23.31.

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