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

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $60.9625 and last traded at $60.7740, with a volume of 2790 shares trading hands. The stock had previously closed at $60.27.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Standard Chartered presently has a consensus rating of “Hold”.

View Our Latest Research Report on SCBFY

Standard Chartered Price Performance

The firm’s 50 day moving average price is $56.28 and its 200-day moving average price is $51.24.

Standard Chartered Company Profile

(Get Free Report)

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.

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