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

Standard Chartered PLC (OTCMKTS:SCBFF) has earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several research analysts have commented on SCBFF shares. BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday. Zacks Research downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a report on Monday, April 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Friday, May 1st.

Standard Chartered Trading Up 2.7%

OTCMKTS SCBFF opened at $25.94 on Friday. The company has a market cap of $58.97 billion, a price-to-earnings ratio of 12.65 and a beta of 0.68. Standard Chartered has a twelve month low of $13.97 and a twelve month high of $26.45. The business’s fifty day moving average is $22.50 and its 200 day moving average is $22.80. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50.

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