Standard Chartered PLC (SCBFF) – What Are Researchers Saying About This Stock?

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of equities research analysts have issued reports on the company. UBS Group lowered Standard Chartered from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft raised Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. Keefe, Bruyette & Woods upgraded shares of Standard Chartered from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 14th. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, July 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Wednesday, September 23rd.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Standard Chartered stock. Madison Asset Management LLC raised its position in Standard Chartered PLC (OTCMKTS:SCBFF) by 13.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,447 shares of the company’s stock after purchasing an additional 5,154 shares during the period. Madison Asset Management LLC’s holdings in Standard Chartered were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission.

Standard Chartered Trading Up 2.9%

Shares of OTCMKTS SCBFF opened at $28.33 on Tuesday. The stock has a market cap of $64.41 billion, a P/E ratio of 13.48 and a beta of 0.66. Standard Chartered has a 12-month low of $18.03 and a 12-month high of $31.98. The business’s fifty day simple moving average is $29.63 and its 200-day simple moving average is $26.94.

Standard Chartered (OTCMKTS:SCBFF) last released its earnings results on Wednesday, July 29th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. Standard Chartered had a return on equity of 10.84% and a net margin of 13.79%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.59 billion. On average, equities analysts forecast that Standard Chartered will post 2.44 EPS for the current fiscal year.

Standard Chartered Company Profile

Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. The company provides financial services to individuals, businesses, financial institutions and governments through operations spanning Asia, the Middle East and Africa, as well as selected markets in Europe and the Americas.

Its principal businesses include corporate, commercial and institutional banking; transaction banking; financial markets; wealth management; and retail banking. Standard Chartered offers services such as lending, trade finance, cash management, foreign exchange, investment banking, asset management, mortgages, personal banking and investment products.

The group traces its origins to the Chartered Bank of India, Australia and China, founded in 1853, and the Standard Bank of British South Africa, founded in 1862.