Standard Chartered (OTCMKTS:SCBFF) Sets New 12-Month High – Time to Buy?

Standard Chartered PLC (OTCMKTS:SCBFF) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $28.1588 and last traded at $28.1588, with a volume of 3913 shares trading hands. The stock had previously closed at $27.21.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a report on Wednesday, May 13th. BNP Paribas Exane upgraded Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research note 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 report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Standard Chartered Stock Performance

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 stock has a market capitalization of $64.02 billion, a PE ratio of 13.74 and a beta of 0.69. The business’s 50 day moving average is $25.98 and its 200 day moving average is $24.36.

Standard Chartered (OTCMKTS:SCBFF) last released its 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 return on equity of 11.07% and a net margin of 13.63%.The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.58 billion. On average, equities research analysts predict that Standard Chartered PLC 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.