Standard Chartered PLC (OTCMKTS:SCBFF – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $28.6375, but opened at $30.6125. Standard Chartered shares last traded at $30.6125, with a volume of 120 shares changing hands.
Analyst Ratings Changes
A number of equities analysts recently commented on SCBFF shares. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Keefe, Bruyette & Woods raised shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Citigroup restated a “neutral” rating on shares of Standard Chartered in a report on Thursday, July 16th. Finally, UBS Group downgraded Standard Chartered from a “buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on SCBFF
Standard Chartered Price Performance
Standard Chartered (OTCMKTS:SCBFF – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. Standard Chartered had a return on equity of 10.97% and a net margin of 13.79%.The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.59 billion. As a group, sell-side analysts predict that Standard Chartered PLC will post 2.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Standard Chartered
A hedge fund recently raised its stake in Standard Chartered stock. Madison Asset Management LLC boosted its position in shares of Standard Chartered PLC (OTCMKTS:SCBFF – Free Report) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,447 shares of the company’s stock after acquiring 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 quarter.
Standard Chartered Company Profile
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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