Standard Chartered (OTCMKTS:SCBFY) Reaches New 52-Week High – What’s Next?

Standard Chartered PLC (OTCMKTS:SCBFY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $57.28 and last traded at $57.28, with a volume of 658 shares. The stock had previously closed at $56.05.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Standard Chartered from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Standard Chartered Trading Up 2.0%

The firm has a fifty day moving average price of $52.50 and a 200 day moving average price of $49.44.

About Standard Chartered

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.