Standard Chartered (OTCMKTS:SCBFY) Reaches New 12-Month High – Still a Buy?

Standard Chartered PLC (OTCMKTS:SCBFY) shares hit a new 52-week high on Friday . The company traded as high as $62.92 and last traded at $62.88, with a volume of 140822 shares. The stock had previously closed at $61.92.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of 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 data from MarketBeat, Standard Chartered presently has a consensus rating of “Hold”.

Standard Chartered Price Performance

The firm has a 50 day moving average of $58.83 and a 200-day moving average of $52.53.

Standard Chartered Company Profile

Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. Through its banking operations and subsidiaries, the company provides financial services to individuals, businesses, financial institutions and governments, with a particular focus on markets across Asia, Africa and the Middle East.

The company’s offerings include retail and affluent banking, wealth management, corporate and institutional banking, trade finance, transaction banking, foreign exchange, lending, cash management and investment banking services.