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

Standard Chartered (OTCMKTS:SCBFF) was upgraded by Keefe, Bruyette & Woods from a “hold” rating to a “moderate buy” rating in a report issued on Monday, Zacks reports.

A number of other equities research analysts also recently commented on the company. UBS Group downgraded Standard Chartered from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a report on Wednesday, July 8th. Citigroup restated a “neutral” rating on shares of Standard Chartered in a report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Standard Chartered Price Performance

Standard Chartered stock opened at $30.88 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 1.58. The company has a 50-day moving average price of $29.15 and a 200 day moving average price of $25.97. Standard Chartered has a 12-month low of $18.03 and a 12-month high of $31.40. The stock has a market cap of $70.21 billion, a P/E ratio of 14.69 and a beta of 0.69.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Standard Chartered had a return on equity of 10.84% and a net margin of 13.79%. Sell-side analysts anticipate that Standard Chartered will post 2.44 earnings per share for the current year.

Hedge Funds Weigh In On Standard Chartered

A hedge fund recently raised its position in Standard Chartered stock. Madison Asset Management LLC lifted its holdings in shares of Standard Chartered PLC (OTCMKTS:SCBFF) by 13.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,447 shares of the company’s stock after purchasing an additional 5,154 shares during the quarter. Madison Asset Management LLC’s holdings in Standard Chartered were worth $2,313,000 as of its most recent filing with the SEC.

Standard Chartered Company Profile

Standard Chartered PLC is an international banking group headquartered in London. The company provides financial services to individuals, businesses, financial institutions and governments through operations spanning Asia, Africa, the Middle East, the United Kingdom and the Americas.

Its principal activities include corporate, commercial and institutional banking, retail banking, private banking and wealth management. Standard Chartered offers lending, trade finance, transaction banking, foreign exchange, investment banking, capital markets, cash management and investment products, along with personal banking services such as deposits, mortgages, credit cards and other forms of consumer finance in selected markets.

Standard Chartered traces its history to the formation of Chartered Bank of India, Australia and China in 1853 and the Standard Bank of British South Africa in 1862.