Standard Chartered PLC (OTCMKTS:SCBFF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of equities analysts recently issued reports on the company. BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a report on Wednesday, May 13th. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Friday, May 1st. Finally, Keefe, Bruyette & Woods upgraded shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 6th.

Standard Chartered Stock Performance

Shares of SCBFF stock opened at $24.35 on Wednesday. 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 firm has a fifty day moving average price of $24.30 and a 200 day moving average price of $23.72. The company has a market cap of $55.36 billion, a P/E ratio of 11.88 and a beta of 0.68. Standard Chartered has a 12 month low of $15.11 and a 12 month high of $27.78.

Standard Chartered (OTCMKTS:SCBFF) last issued its earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.18. The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.58 billion. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. Sell-side analysts predict that Standard Chartered will post 2.26 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.