Standard Chartered (OTCMKTS:SCBFF) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Standard Chartered (OTCMKTS:SCBFF) from a moderate sell rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Several other research firms also recently commented on SCBFF. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research note on Friday, May 1st. BNP Paribas Exane upgraded shares of Standard Chartered to an “outperform” rating in a research note on Tuesday, April 14th. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research report on Monday, April 13th. Finally, Zacks Research downgraded shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Standard Chartered Trading Up 2.7%

OTCMKTS:SCBFF opened at $25.94 on Wednesday. Standard Chartered has a 12 month low of $13.97 and a 12 month high of $26.45. The firm has a fifty day simple moving average of $22.50 and a 200-day simple moving average of $22.80. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $58.97 billion, a P/E ratio of 12.65 and a beta of 0.68.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.54 by $0.18. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.58 billion. On average, equities research analysts anticipate that Standard Chartered will post 2.26 earnings per share for the current year.

About Standard Chartered

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.