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.
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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