Standard Chartered PLC (OTCMKTS:SCBFF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Standard Chartered PLC (OTCMKTS:SCBFF) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several equities research analysts have recently commented on SCBFF shares. BNP Paribas Exane raised shares of Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Thursday, July 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft upgraded Standard Chartered from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Finally, UBS Group downgraded Standard Chartered from a “buy” rating to a “hold” rating in a research note on Thursday.

Standard Chartered Stock Performance

OTCMKTS SCBFF opened at $28.01 on Thursday. The company has a fifty day simple moving average of $26.73 and a 200 day simple moving average of $24.69. Standard Chartered has a 12-month low of $17.39 and a 12-month high of $29.12. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50. The company has a market cap of $63.69 billion, a P/E ratio of 13.66 and a beta of 0.69.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.18. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.58 billion. Sell-side analysts predict that Standard Chartered will post 2.28 earnings per share for the current fiscal year.

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.