Standard Chartered (OTCMKTS:SCBFF) Trading Up 5.4% – Time to Buy?

Standard Chartered PLC (OTCMKTS:SCBFFGet Free Report)’s share price traded up 5.4% on Friday . The stock traded as high as $30.3599 and last traded at $30.3599. Approximately 156 shares were traded during trading, a decline of 99% from the average session volume of 11,609 shares. The stock had previously closed at $28.80.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SCBFF. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a report on Wednesday, July 8th. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research report on Thursday, July 16th. Keefe, Bruyette & Woods upgraded shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. Finally, UBS Group downgraded Standard Chartered from a “buy” rating to a “hold” rating in a report on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on Standard Chartered

Standard Chartered Trading Up 1.5%

The firm has a 50 day moving average of $28.33 and a 200 day moving average of $25.41. The firm has a market cap of $66.09 billion, a PE ratio of 13.83 and a beta of 0.70. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50.

Standard Chartered (OTCMKTS:SCBFFGet Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.59 billion. Standard Chartered had a net margin of 13.79% and a return on equity of 10.97%. Equities analysts anticipate that Standard Chartered PLC will post 2.44 earnings per share for the current year.

Institutional Inflows and Outflows

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

Standard Chartered Company Profile

(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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