Standard Chartered (OTCMKTS:SCBFF) Shares Down 5.5% – Should You Sell?

Standard Chartered PLC (OTCMKTS:SCBFF)’s stock price traded down 5.5% on Friday . The stock traded as low as $20.4375 and last traded at $20.4375. 611 shares changed hands during trading, a decline of 88% from the average session volume of 5,311 shares. The stock had previously closed at $21.6325.

Analyst Ratings Changes

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

Standard Chartered Trading Down 5.6%

The business has a fifty day moving average of $24.37 and a 200 day moving average of $21.91. The company has a market capitalization of $46.44 billion, a PE ratio of 10.87 and a beta of 0.51.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Standard Chartered had a return on equity of 10.77% and a net margin of 12.86%. Equities analysts forecast that Standard Chartered PLC will post 1.66 EPS 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.