Standard Chartered (OTCMKTS:SCBFF) Hits New 1-Year High – Still a Buy?

Standard Chartered PLC (OTCMKTS:SCBFF) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.6090 and last traded at $24.8050, with a volume of 6862 shares traded. The stock had previously closed at $25.2256.

Analyst Ratings Changes

Several research firms recently weighed in on SCBFF. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a report on Wednesday, January 14th. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research note on Friday, January 9th. The Goldman Sachs Group raised Standard Chartered from a “hold” rating to a “buy” rating in a research report on Thursday, December 11th. Finally, Zacks Research lowered Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Standard Chartered currently has an average rating of “Moderate Buy”.

Standard Chartered Stock Performance

The business has a fifty day moving average of $23.37 and a 200-day moving average of $20.55. The company has a market capitalization of $56.39 billion, a P/E ratio of 13.19 and a beta of 0.53.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.97 billion. Standard Chartered had a return on equity of 10.88% and a net margin of 12.84%. Sell-side analysts anticipate that Standard Chartered PLC will post 1.66 EPS for the current 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.