Standard Chartered (OTCMKTS:SCBFF) Reaches New 1-Year High – Time to Buy?

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) hit a new 52-week high during trading on Wednesday . The stock traded as high as $22.7175 and last traded at $22.7175, with a volume of 288 shares. The stock had previously closed at $22.1175.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SCBFF shares. Citigroup restated a “neutral” rating on shares of Standard Chartered in a research note on Monday, November 3rd. Morgan Stanley raised shares of Standard Chartered from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Standard Chartered currently has a consensus rating of “Moderate Buy”.

Standard Chartered Stock Performance

The stock has a 50-day simple moving average of $20.36 and a 200 day simple moving average of $18.57. The stock has a market capitalization of $50.63 billion, a P/E ratio of 11.85 and a beta of 0.54.

Standard Chartered (OTCMKTS:SCBFF) last released its earnings results on Thursday, October 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Standard Chartered had a return on equity of 10.88% and a net margin of 12.84%.The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.97 billion. Equities analysts predict that Standard Chartered PLC will post 1.66 earnings per share for the current year.

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.