Standard Bank Group (OTCMKTS:SGBLY) Stock Falls 0.5% – Here’s Why

Shares of Standard Bank Group Limited (OTCMKTS:SGBLY) traded down 0.5% on Thursday. The stock traded as low as $18.46 and last traded at $18.66. Approximately 52,440 shares changed hands during mid-day trading, an increase of 81% from the average daily volume of 29,006 shares. The stock had previously closed at $18.75.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Standard Bank Group to a “hold” rating in a research report on Friday, June 12th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Standard Bank Group currently has a consensus rating of “Hold”.

Standard Bank Group Stock Down 0.5%

The business’s fifty day simple moving average is $19.76 and its 200 day simple moving average is $19.32.

About Standard Bank Group

Standard Bank Group Limited is a South African financial services organization headquartered in Johannesburg. Established in 1862 as The Standard Bank of British South Africa, the group has developed into a major banking and financial services provider focused primarily on Africa.

Through its personal and business banking operations, Standard Bank provides deposit accounts, payments, lending, credit cards, digital banking, insurance and other financial products to individuals, small businesses and commercial customers.