Standard Chartered PLC (OTCMKTS:SCBFF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. BNP Paribas Exane raised shares of Standard Chartered to an “outperform” rating in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods upgraded shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, July 8th. Finally, UBS Group downgraded Standard Chartered from a “buy” rating to a “hold” rating in a report on Thursday, July 23rd.

Standard Chartered Stock Performance

Standard Chartered stock opened at $28.16 on Thursday. Standard Chartered has a 12-month low of $17.39 and a 12-month high of $29.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50. The business’s 50-day moving average price is $26.90 and its two-hundred day moving average price is $24.76. The stock has a market cap of $64.02 billion, a PE ratio of 13.74 and a beta of 0.69.

Standard Chartered (OTCMKTS:SCBFF) last posted its earnings results on Wednesday, July 29th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.59 billion. As a group, analysts expect that Standard Chartered will post 2.28 earnings per share for the current fiscal year.

Standard Chartered Company Profile

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.