Standard Chartered PLC (OTCMKTS:SCBFF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Standard Chartered PLC (OTCMKTS:SCBFFGet Free Report) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of equities research analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a report on Wednesday, May 13th. BNP Paribas Exane raised shares of Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Friday, May 1st. Finally, Keefe, Bruyette & Woods raised shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th.

View Our Latest Stock Analysis on Standard Chartered

Standard Chartered Stock Up 2.7%

SCBFF opened at $27.78 on Wednesday. The firm’s 50-day simple moving average is $23.64 and its 200-day simple moving average is $23.49. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.82 and a current ratio of 0.82. Standard Chartered has a twelve month low of $14.85 and a twelve month high of $27.78. The firm has a market cap of $63.15 billion, a price-to-earnings ratio of 13.55 and a beta of 0.68.

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

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.

Featured Stories

Analyst Recommendations for Standard Chartered (OTCMKTS:SCBFF)

Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.