Standard Chartered (OTCMKTS:SCBFF) Sees Strong Trading Volume – Here’s What Happened

Standard Chartered PLC (OTCMKTS:SCBFF) shares saw unusually-strong trading volume on Monday . 273,792 shares were traded during mid-day trading, an increase of 2,341% from the previous session’s volume of 11,215 shares.The stock last traded at $28.5797 and had previously closed at $28.0125.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SCBFF shares. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. UBS Group lowered shares of Standard Chartered from a “buy” rating to a “hold” rating in a report on Thursday, July 23rd. BNP Paribas Exane upgraded Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Finally, Citigroup restated a “neutral” rating on shares of Standard Chartered in a report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Standard Chartered has an average rating of “Moderate Buy”.

Standard Chartered Stock Up 0.1%

The firm’s 50-day moving average is $26.86 and its two-hundred day moving average is $24.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $63.66 billion, a P/E ratio of 13.66 and a beta of 0.69.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%. On average, equities research analysts anticipate that Standard Chartered PLC will post 2.28 earnings per share 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.