Standard Chartered (OTCMKTS:SCBFY) Reaches New 1-Year High – Time to Buy?

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report)’s share price hit a new 52-week high on Monday . The company traded as high as $57.28 and last traded at $57.28, with a volume of 658 shares. The stock had previously closed at $56.05.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Standard Chartered from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Check Out Our Latest Report on Standard Chartered

Standard Chartered Price Performance

The business’s 50-day simple moving average is $52.50 and its two-hundred day simple moving average is $49.44.

Standard Chartered Company Profile

(Get Free Report)

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.

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