Standard Chartered (OTCMKTS:SCBFY) Upgraded at Zacks Research

Zacks Research upgraded shares of Standard Chartered (OTCMKTS:SCBFY) to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Standard Chartered Price Performance

Shares of SCBFY stock opened at $48.75 on Monday. The stock has a 50 day simple moving average of $45.98 and a 200-day simple moving average of $45.32. Standard Chartered has a 12-month low of $26.86 and a 12-month high of $53.20.

About Standard Chartered

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.