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

Shares of Standard Chartered PLC (OTCMKTS:SCBFFGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of equities research analysts have recently commented on SCBFF shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, July 8th. UBS Group cut Standard Chartered from a “buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods raised shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Finally, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research report on Thursday, July 16th.

View Our Latest Stock Report on Standard Chartered

Standard Chartered Price Performance

Shares of SCBFF stock opened at $29.99 on Monday. 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 has a 12-month low of $17.39 and a 12-month high of $30.93. The firm has a fifty day moving average of $27.73 and a 200-day moving average of $25.18. The firm has a market capitalization of $68.18 billion, a price-to-earnings ratio of 14.27 and a beta of 0.70.

Standard Chartered (OTCMKTS:SCBFFGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.59 billion. Standard Chartered had a return on equity of 10.97% and a net margin of 13.79%. On average, equities research analysts forecast that Standard Chartered will post 2.44 earnings per share for the current year.

Hedge Funds Weigh In On Standard Chartered

An institutional investor recently raised its position in Standard Chartered stock. Madison Asset Management LLC boosted its position in shares of Standard Chartered PLC (OTCMKTS:SCBFFFree Report) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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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Analyst Recommendations for Standard Chartered (OTCMKTS:SCBFF)

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