Standard Chartered (SCBFF) Expected to Announce Earnings on Tuesday

Standard Chartered (OTCMKTS:SCBFF) will likely be posting its results before the market opens on Tuesday, February 24th. Analysts expect Standard Chartered to post earnings of $0.34 per share and revenue of $4.8160 billion for the quarter.

Standard Chartered Stock Performance

Shares of OTCMKTS:SCBFF opened at $24.82 on Friday. The company has a market capitalization of $56.42 billion, a P/E ratio of 13.20 and a beta of 0.52. The company’s 50-day moving average is $24.59 and its 200 day moving average is $21.46. Standard Chartered has a fifty-two week low of $10.65 and a fifty-two week high of $26.45.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, January 14th. Citigroup restated a “neutral” rating on shares of Standard Chartered in a report on Friday, January 9th. The Goldman Sachs Group raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a research report on Thursday, December 11th. Finally, Zacks Research cut shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.