Standard Chartered (OTCMKTS:SCBFF) Sees Large Volume Increase – Still a Buy?

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) saw an uptick in trading volume on Tuesday . 17,301 shares changed hands during trading, an increase of 70% from the previous session’s volume of 10,160 shares.The stock last traded at $26.55 and had previously closed at $26.5075.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SCBFF. BNP Paribas Exane upgraded shares of Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Citigroup restated a “neutral” rating on shares of Standard Chartered in a research report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Standard Chartered currently has an average rating of “Moderate Buy”.

Standard Chartered Trading Up 0.6%

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $60.60 billion, a PE ratio of 13.00 and a beta of 0.68. The stock’s fifty day moving average price is $24.69 and its two-hundred day moving average price is $23.85.

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