Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $58.26 and last traded at $57.71, with a volume of 53825 shares trading hands. The stock had previously closed at $56.15.
Wall Street Analyst Weigh In
Separately, Zacks Research cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.
Check Out Our Latest Analysis on SCBFY
Standard Chartered Trading Up 4.9%
Standard Chartered Company Profile
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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