Standard Chartered (OTCMKTS:SCBFY) Raised to Neutral at Exane BNP Paribas

Exane BNP Paribas upgraded shares of Standard Chartered (OTCMKTS:SCBFY) from an underperform rating to a neutral rating in a report released on Wednesday, The Fly reports.

SCBFY has been the topic of several other research reports. UBS Group restated a neutral rating on shares of Standard Chartered in a research report on Tuesday, August 10th. JPMorgan Chase & Co. restated an overweight rating on shares of Standard Chartered in a research report on Friday, June 18th. Finally, Morgan Stanley restated an equal weight rating on shares of Standard Chartered in a research report on Wednesday, August 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold.

Shares of SCBFY opened at $12.06 on Wednesday. Standard Chartered has a fifty-two week low of $8.48 and a fifty-two week high of $15.05. The firm has a 50-day simple moving average of $12.30 and a 200-day simple moving average of $13.29.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.

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