Standard Chartered (OTCMKTS:SCBFF) Sees Unusually-High Trading Volume – What’s Next?

Standard Chartered PLC (OTCMKTS:SCBFF) saw unusually-strong trading volume on Friday . Approximately 8,047 shares traded hands during mid-day trading, an increase of 45% from the previous session’s volume of 5,536 shares.The stock last traded at $21.6650 and had previously closed at $23.24.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SCBFF. Zacks Research cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research report on Wednesday, February 25th. The Goldman Sachs Group upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a research note on Thursday, December 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Standard Chartered Stock Performance

The stock has a market capitalization of $50.11 billion, a P/E ratio of 11.72 and a beta of 0.51. The firm has a fifty day moving average price of $24.55 and a two-hundred day moving average price of $21.83.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.82 billion. Standard Chartered had a return on equity of 10.77% and a net margin of 12.86%. On average, research analysts anticipate that Standard Chartered PLC will post 1.66 earnings per share for the current fiscal year.

Standard Chartered Company Profile

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.